Hemenway Trust Co LLC Acquires 12,115 Shares of Relx Plc (NYSE:RELX)

Hemenway Trust Co LLC grew its stake in shares of Relx Plc (NYSE:RELX) by 48.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 37,260 shares of the technology company’s stock after buying an additional 12,115 shares during the period. Hemenway Trust Co LLC’s holdings in Relx were worth $1,692,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Thrivent Financial for Lutherans increased its holdings in Relx by 83.0% in the 3rd quarter. Thrivent Financial for Lutherans now owns 10,665 shares of the technology company’s stock valued at $506,000 after acquiring an additional 4,836 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Relx by 13.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 120,300 shares of the technology company’s stock worth $5,709,000 after purchasing an additional 14,088 shares during the last quarter. BNP Paribas Financial Markets lifted its position in shares of Relx by 20.7% in the third quarter. BNP Paribas Financial Markets now owns 42,281 shares of the technology company’s stock worth $2,007,000 after buying an additional 7,239 shares in the last quarter. Verition Fund Management LLC bought a new position in Relx during the third quarter valued at approximately $255,000. Finally, Benjamin Edwards Inc. purchased a new position in Relx during the 3rd quarter valued at approximately $438,000. Hedge funds and other institutional investors own 15.02% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on the company. Redburn Atlantic initiated coverage on Relx in a report on Wednesday, January 8th. They set a “buy” rating on the stock. The Goldman Sachs Group started coverage on shares of Relx in a research report on Wednesday, March 26th. They set a “buy” rating for the company. Barclays upgraded shares of Relx from an “equal weight” rating to an “overweight” rating in a report on Friday, March 14th. Finally, StockNews.com downgraded shares of Relx from a “buy” rating to a “hold” rating in a report on Tuesday, March 4th. One investment analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Relx currently has a consensus rating of “Buy”.

Relx Stock Down 6.3 %

Shares of RELX opened at $48.21 on Friday. 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 business has a fifty day moving average of $49.62 and a 200 day moving average of $47.91. The company has a market cap of $89.48 billion, a PE ratio of 25.92, a P/E/G ratio of 2.73 and a beta of 0.84. 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 announced a semi-annual dividend, which will be paid on Wednesday, June 25th. Stockholders of record on Friday, May 9th will be issued a $0.5586 dividend. This represents a dividend yield of 1.6%. The ex-dividend date is Friday, May 9th. This is a positive change from Relx’s previous semi-annual dividend of $0.23. Relx’s dividend payout ratio (DPR) is 59.68%.

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.