Mission Wealth Management LP Cuts Stock Position in Relx Plc (NYSE:RELX)

Mission Wealth Management LP cut its stake in shares of Relx Plc (NYSE:RELX) by 9.9% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 20,838 shares of the technology company’s stock after selling 2,285 shares during the period. Mission Wealth Management LP’s holdings in Relx were worth $946,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. CENTRAL TRUST Co boosted its stake in shares of 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 during the last quarter. Versant Capital Management Inc purchased a new position in Relx in the 4th quarter valued at $31,000. Sierra Ocean LLC acquired a new stake in Relx during the 4th quarter worth $43,000. Private Trust Co. NA raised its position in shares of Relx by 119.9% in the third quarter. Private Trust Co. NA now owns 1,038 shares of the technology company’s stock valued at $49,000 after buying an additional 566 shares during the last quarter. Finally, Whipplewood Advisors LLC acquired a new stake in shares of Relx in the fourth quarter valued at about $74,000. 15.02% of the stock is owned by hedge funds and other institutional investors.

Relx Stock Up 1.0 %

NYSE RELX opened at $48.98 on Wednesday. The business’s fifty day simple moving average is $48.48 and its 200-day simple moving average is $47.51. The company has a quick ratio of 0.47, a current ratio of 0.52 and a debt-to-equity ratio of 1.46. The firm has a market cap of $91.02 billion, a PE ratio of 26.33, a P/E/G ratio of 2.73 and a beta of 0.90. Relx Plc has a 52 week low of $40.25 and a 52 week high of $51.99.

Relx Increases Dividend

The company also recently declared a semi-annual dividend, which will be paid on Wednesday, June 25th. Stockholders of record on Friday, May 9th will be paid a $0.5586 dividend. This is a boost from Relx’s previous semi-annual dividend of $0.23. The ex-dividend date is Friday, May 9th. This represents a dividend yield of 1.6%. Relx’s dividend payout ratio is 59.68%.

Wall Street Analyst Weigh In

RELX has been the subject of several research reports. StockNews.com cut shares of Relx from a “buy” rating to a “hold” rating in a research note on Tuesday. Redburn Atlantic started coverage on Relx in a research report on Wednesday, January 8th. They issued a “buy” rating for the company.

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.