Capital Wealth Planning LLC Buys 23,192 Shares of Relx Plc (NYSE:RELX)

Capital Wealth Planning LLC lifted its stake in Relx Plc (NYSE:RELX) by 34.4% during the second quarter, HoldingsChannel.com reports. The firm owned 90,677 shares of the technology company’s stock after purchasing an additional 23,192 shares during the quarter. Capital Wealth Planning LLC’s holdings in Relx were worth $4,160,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in RELX. Frazier Financial Advisors LLC bought a new position in Relx in the 4th quarter valued at approximately $35,000. Financial Management Professionals Inc. lifted its position in Relx by 192.9% in the 1st quarter. Financial Management Professionals Inc. now owns 867 shares of the technology company’s stock valued at $38,000 after acquiring an additional 571 shares in the last quarter. Timber Creek Capital Management LLC bought a new position in Relx in the 1st quarter valued at approximately $43,000. Pinnacle Bancorp Inc. lifted its position in Relx by 90.9% in the 1st quarter. Pinnacle Bancorp Inc. now owns 983 shares of the technology company’s stock valued at $43,000 after acquiring an additional 468 shares in the last quarter. Finally, Indiana Trust & Investment Management CO bought a new position in Relx in the 2nd quarter valued at approximately $52,000. 15.02% of the stock is owned by institutional investors.

Relx Stock Down 0.6 %

NYSE RELX opened at $47.71 on Monday. The business’s fifty day moving average price is $46.05 and its 200-day moving average price is $44.44. The company has a debt-to-equity ratio of 1.51, a current ratio of 0.52 and a quick ratio of 0.47. Relx Plc has a 1-year low of $33.13 and a 1-year high of $48.01.

Relx Cuts Dividend

The business also recently disclosed a Semi-Annual dividend, which was paid on Tuesday, September 10th. Stockholders of record on Friday, August 2nd were paid a $0.234 dividend. The ex-dividend date was Friday, August 2nd. This represents a dividend yield of 1.6%.

Analyst Ratings Changes

Separately, StockNews.com cut Relx from a “buy” rating to a “hold” rating in a report on Saturday, August 31st.

About Relx

RELX PLC, together with its subsidiaries, provides information-based analytics and decision tools for professional and business customers in North America, Europe, and internationally. It operates through four segments: Risk; Scientific, Technical & Medical; Legal; and Exhibitions. The Risk segment offers information-based analytics and decision tools that combine public and industry specific content with technology and algorithms to assist clients in evaluating and predicting risk.