Dimensional Fund Advisors LP Has $159.88 Million Holdings in Relx Plc $RELX

Key Points

• Dimensional Fund Advisors LP has reduced its stake in Relx Plc by 0.6%, selling 18,315 shares to retain approximately 3.17 million shares, valued at $159.88 million.
• Several other institutional investors have increased their positions in Relx, with Massachusetts Financial Services Co. MA boosting its stake by 103.7%.
• Following a recent upgrade from a "hold" to a "buy" rating, Relx currently has a consensus rating of "Buy" among analysts.

Dimensional Fund Advisors LP decreased its position in Relx Plc (NYSE:RELX - Free Report) by 0.6% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,171,571 shares of the technology company's stock after selling 18,315 shares during the quarter. Dimensional Fund Advisors LP owned about 0.17% of Relx worth $159,879,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. Larson Financial Group LLC raised its holdings in Relx by 612.5% during the first quarter. Larson Financial Group LLC now owns 513 shares of the technology company's stock valued at $26,000 after buying an additional 441 shares in the last quarter. Golden State Wealth Management LLC grew its holdings in Relx by 100.0% during the first quarter. Golden State Wealth Management LLC now owns 588 shares of the technology company's stock valued at $30,000 after purchasing an additional 294 shares during the last quarter. Cornerstone Planning Group LLC grew its holdings in Relx by 325.2% during the first quarter. Cornerstone Planning Group LLC now owns 693 shares of the technology company's stock valued at $37,000 after purchasing an additional 530 shares during the last quarter. Transce3nd LLC bought a new position in shares of Relx in the fourth quarter valued at approximately $40,000. Finally, Redwood Investments LLC acquired a new stake in shares of Relx in the fourth quarter worth $120,000. 15.02% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded shares of Relx from a "hold" rating to a "buy" rating in a report on Saturday, July 26th. One equities research analyst has rated the stock with a Strong Buy rating and four have given a Buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Buy".

Relx Stock Performance

Relx stock traded down $0.64 during trading hours on Monday, hitting $47.80. The stock had a trading volume of 1,056,022 shares, compared to its average volume of 1,523,458. Relx Plc has a fifty-two week low of $44.19 and a fifty-two week high of $56.33. The company has a market cap of $87.69 billion, a PE ratio of 25.70, a price-to-earnings-growth ratio of 3.16 and a beta of 0.88. The company has a 50-day moving average of $51.58 and a two-hundred day moving average of $51.48. The company has a quick ratio of 0.42, a current ratio of 0.47 and a debt-to-equity ratio of 2.55.

Relx Cuts Dividend

The company also recently announced a semi-annual dividend, which will be paid on Tuesday, September 16th. Stockholders of record on Friday, August 8th will be issued a $0.2634 dividend. The ex-dividend date of this dividend is Friday, August 8th. This represents a dividend yield of 170.0%. Relx's dividend payout ratio is presently 28.49%.

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.