Capital Wealth Planning LLC Purchases 9,072 Shares of Relx Plc (NYSE:RELX)

Capital Wealth Planning LLC lifted its stake in Relx Plc (NYSE:RELX - Free Report) by 8.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 111,806 shares of the technology company's stock after purchasing an additional 9,072 shares during the quarter. Capital Wealth Planning LLC's holdings in Relx were worth $5,078,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. CENTRAL TRUST Co boosted its holdings in Relx by 1,290.2% in the fourth quarter. CENTRAL TRUST Co now owns 570 shares of the technology company's stock worth $26,000 after acquiring an additional 529 shares in the last quarter. Versant Capital Management Inc purchased a new position in shares of Relx in the 4th quarter worth about $31,000. Sierra Ocean LLC bought a new position in Relx in the 4th quarter worth about $43,000. Private Trust Co. NA grew its position in Relx by 119.9% during the 3rd quarter. Private Trust Co. NA now owns 1,038 shares of the technology company's stock valued at $49,000 after purchasing an additional 566 shares during the last quarter. Finally, Whipplewood Advisors LLC bought a new stake in Relx during the 4th quarter valued at about $74,000. Hedge funds and other institutional investors own 15.02% of the company's stock.

Relx Stock Performance

NYSE RELX traded down $0.43 during trading hours on Wednesday, hitting $48.55. The company's stock had a trading volume of 636,777 shares, compared to its average volume of 602,949. Relx Plc has a 12 month low of $40.25 and a 12 month high of $51.99. The company's 50 day simple moving average is $48.54 and its two-hundred day simple moving average is $47.52. The company has a debt-to-equity ratio of 1.46, a current ratio of 0.52 and a quick ratio of 0.47. The company has a market cap of $90.24 billion, a P/E ratio of 26.10, a price-to-earnings-growth ratio of 2.73 and a beta of 0.90.

Remove Ads

Relx Increases Dividend

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

Analyst Ratings Changes

Several brokerages have recently issued reports on RELX. StockNews.com downgraded shares of Relx from a "buy" rating to a "hold" rating in a research note on Tuesday. Redburn Atlantic initiated coverage on Relx in a research report on Wednesday, January 8th. They issued a "buy" rating on the stock.

About Relx

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.