Relx Plc (NYSE:RELX) Shares Sold by Prosperity Consulting Group LLC

Prosperity Consulting Group LLC cut its holdings in shares of Relx Plc (NYSE:RELX - Free Report) by 5.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 78,468 shares of the technology company's stock after selling 4,819 shares during the period. Prosperity Consulting Group LLC's holdings in Relx were worth $3,564,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. CENTRAL TRUST Co grew its position in Relx by 1,290.2% during the fourth quarter. CENTRAL TRUST Co now owns 570 shares of the technology company's stock valued at $26,000 after buying an additional 529 shares during the period. Versant Capital Management Inc acquired a new stake in shares of Relx during the 4th quarter valued at about $31,000. Transce3nd LLC purchased a new position in shares of Relx in the 4th quarter valued at about $40,000. Sierra Ocean LLC purchased a new position in Relx during the fourth quarter worth approximately $43,000. Finally, Brown Brothers Harriman & Co. grew its holdings in Relx by 218.5% in the fourth quarter. Brown Brothers Harriman & Co. now owns 965 shares of the technology company's stock valued at $44,000 after purchasing an additional 662 shares during the period. 15.02% of the stock is owned by hedge funds and other institutional investors.

Relx Price Performance

RELX traded up $0.41 during trading on Tuesday, reaching $53.77. The company's stock had a trading volume of 539,911 shares, compared to its average volume of 708,236. The company has a market cap of $99.52 billion, a price-to-earnings ratio of 28.91, a PEG ratio of 2.73 and a beta of 0.84. The firm has a fifty day simple moving average of $49.59 and a two-hundred day simple moving average of $48.29. Relx Plc has a 1 year low of $40.77 and a 1 year high of $53.91. The company has a quick ratio of 0.47, a current ratio of 0.52 and a debt-to-equity ratio of 1.46.

Relx Increases Dividend

The business also recently announced a semi-annual dividend, which will be paid on Wednesday, June 25th. Shareholders of record on Friday, May 9th will be paid a $0.5586 dividend. The ex-dividend date is Friday, May 9th. This is an increase from Relx's previous semi-annual dividend of $0.23. This represents a dividend yield of 1.6%. Relx's dividend payout ratio (DPR) is 59.68%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on RELX shares. Barclays upgraded Relx from an "equal weight" rating to an "overweight" rating in a research report on Friday, March 14th. Morgan Stanley reiterated an "overweight" rating on shares of Relx in a research report on Wednesday, April 16th. StockNews.com downgraded shares of Relx from a "buy" rating to a "hold" rating in a research report on Tuesday, March 4th. Redburn Atlantic initiated coverage on Relx in a report on Wednesday, January 8th. They issued a "buy" rating on the stock. Finally, The Goldman Sachs Group began coverage on Relx in a report on Wednesday, March 26th. They set a "buy" rating for the company. One research analyst has rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Buy".

Relx Company Profile

RELX Plc engages in provision of information and analytics solutions for professional and business customers across industries. It operates through the following business segments: Scientific, Technical & Medical; Risk & Business Analytics; Legal; and Exhibitions. The Scientific, Technical & Medical segment is a global information analytics business that helps institutions and professionals advance healthcare, open science, and improve performance for the benefit of humanity.