Freedom Investment Management Inc. Sells 2,531 Shares of Relx Plc (NYSE:RELX)

Freedom Investment Management Inc. trimmed its position in Relx Plc (NYSE:RELX) by 10.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 22,890 shares of the technology company’s stock after selling 2,531 shares during the quarter. Freedom Investment Management Inc.’s holdings in Relx were worth $1,040,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of RELX. CENTRAL TRUST Co lifted its position 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 valued at $26,000 after buying an additional 529 shares during the last quarter. Versant Capital Management Inc bought a new position in shares of Relx in the fourth quarter valued at about $31,000. Sierra Ocean LLC acquired a new stake in shares of Relx during the 4th quarter worth about $43,000. Brown Brothers Harriman & Co. boosted its holdings in shares of Relx by 218.5% during the 4th quarter. Brown Brothers Harriman & Co. now owns 965 shares of the technology company’s stock worth $44,000 after buying an additional 662 shares during the period. Finally, Private Trust Co. NA raised its holdings in Relx by 19.2% in the 4th quarter. Private Trust Co. NA now owns 1,237 shares of the technology company’s stock valued at $56,000 after acquiring an additional 199 shares during the period. 15.02% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. The Goldman Sachs Group started coverage on Relx in a research report on Wednesday, March 26th. They issued a “buy” rating on the stock. StockNews.com cut shares of Relx from a “buy” rating to a “hold” rating in a research report on Tuesday, March 4th. Barclays upgraded Relx from an “equal weight” rating to an “overweight” rating in a research note on Friday, March 14th. Morgan Stanley reissued an “overweight” rating on shares of Relx in a research note on Wednesday. Finally, Redburn Atlantic initiated coverage on shares of Relx in a report on Wednesday, January 8th. They set a “buy” rating for the company. One investment analyst has rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy”.

Relx Price Performance

Relx stock opened at $52.20 on Friday. The stock’s 50 day moving average is $49.37 and its 200 day moving average is $48.00. The company has a debt-to-equity ratio of 1.46, a current ratio of 0.52 and a quick ratio of 0.47. Relx Plc has a one year low of $40.25 and a one year high of $52.54. The firm has a market cap of $96.61 billion, a P/E ratio of 28.06, a P/E/G ratio of 2.73 and a beta of 0.84.

Relx Increases Dividend

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

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.