TD Waterhouse Canada Inc. Cuts Stake in Relx Plc $RELX

TD Waterhouse Canada Inc. lessened its stake in shares of Relx Plc (NYSE:RELX) by 5.5% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 352,742 shares of the technology company’s stock after selling 20,566 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in Relx were worth $11,072,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of RELX. Annis Gardner Whiting Capital Advisors LLC purchased a new stake in shares of Relx during the 4th quarter valued at about $26,000. Whipplewood Advisors LLC lifted its position in Relx by 2,468.4% during the 1st quarter. Whipplewood Advisors LLC now owns 976 shares of the technology company’s stock worth $32,000 after acquiring an additional 938 shares in the last quarter. Transamerica Financial Advisors LLC boosted its holdings in Relx by 3,040.0% in the 4th quarter. Transamerica Financial Advisors LLC now owns 785 shares of the technology company’s stock worth $32,000 after acquiring an additional 760 shares during the period. Manchester Capital Management LLC grew its position in Relx by 1,823.6% in the fourth quarter. Manchester Capital Management LLC now owns 1,058 shares of the technology company’s stock valued at $43,000 after acquiring an additional 1,003 shares in the last quarter. Finally, Palladiem LLC acquired a new stake in Relx in the fourth quarter valued at approximately $44,000. Hedge funds and other institutional investors own 15.02% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. Barclays reissued an “overweight” rating on shares of Relx in a research report on Friday, July 24th. Wall Street Zen raised shares of Relx from a “hold” rating to a “buy” rating in a research note on Saturday. Weiss Ratings raised shares of Relx from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, August 7th. Finally, The Goldman Sachs Group began coverage on shares of Relx in a report on Wednesday, June 3rd. They issued a “buy” rating on the stock. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

Relx Price Performance

RELX stock opened at $35.50 on Friday. The company has a debt-to-equity ratio of 5.23, a quick ratio of 0.40 and a current ratio of 0.45. Relx Plc has a 52-week low of $27.57 and a 52-week high of $48.40. The stock’s 50 day moving average is $34.56 and its two-hundred day moving average is $33.96.

Relx Cuts Dividend

The business also recently declared a dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Friday, August 7th will be given a dividend of $0.2785 per share. The ex-dividend date of this dividend is Friday, August 7th. This represents a dividend yield of 157.0%.

About Relx

RELX plc is a global provider of information, analytics and decision tools for professional and business customers. The company supplies content, data and analytical services that support decision-making across scientific, technical and medical research, legal and regulatory practice, and risk and business analytics. RELX’s offerings are largely delivered via digital platforms and subscription services designed for institutions, corporations and professionals who require specialized, high-value information and workflow solutions.

RELX operates through distinct business lines that include Elsevier, which provides scientific, technical and medical journals, books and online platforms such as research and discovery tools; Legal and Professional services, which deliver legal, regulatory and compliance content and workflow solutions; Risk & Business Analytics, which offers data, analytics and decision tools for insurance, banking, corporate and government risk assessment; and Exhibitions, which organizes industry trade shows and events.