Alliancebernstein L.P. Decreases Stock Holdings in Relx Plc $RELX

Key Points

• Alliancebernstein L.P. has reduced its stake in Relx Plc by 5.0%, now holding approximately $43.27 million worth with 858,414 shares after selling 44,828 shares this quarter.
• Wall Street Zen downgraded Relx from a "buy" rating to a "hold" rating, while one analyst maintains a Strong Buy rating and four others rate it as a Buy, indicating mixed sentiment among analysts.
• Relx declared a semi-annual dividend of $0.2634 per share with a yield of 170.0%, and its current dividend payout ratio stands at 28.49%.

Alliancebernstein L.P. reduced its position in shares of Relx Plc (NYSE:RELX - Free Report) by 5.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 858,414 shares of the technology company's stock after selling 44,828 shares during the period. Alliancebernstein L.P.'s holdings in Relx were worth $43,273,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and 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% in the 1st quarter. Larson Financial Group LLC now owns 513 shares of the technology company's stock valued at $26,000 after acquiring an additional 441 shares in the last quarter. WPG Advisers LLC bought a new stake in Relx during the 1st quarter worth $28,000. Golden State Wealth Management LLC grew its position in Relx by 100.0% during the 1st quarter. Golden State Wealth Management LLC now owns 588 shares of the technology company's stock worth $30,000 after acquiring an additional 294 shares during the last quarter. Cornerstone Planning Group LLC grew its position in Relx by 325.2% during the 1st quarter. Cornerstone Planning Group LLC now owns 693 shares of the technology company's stock worth $37,000 after acquiring an additional 530 shares during the last quarter. Finally, Redwood Investments LLC bought a new stake in shares of Relx in the 4th quarter valued at about $120,000. 15.02% of the stock is owned by institutional investors and hedge funds.

Relx Stock Up 0.4%

Shares of RELX stock traded up $0.20 during trading hours on Friday, reaching $46.53. The company had a trading volume of 1,045,264 shares, compared to its average volume of 1,532,953. Relx Plc has a 12 month low of $44.19 and a 12 month high of $56.33. The company has a debt-to-equity ratio of 2.55, a current ratio of 0.47 and a quick ratio of 0.42. The business has a fifty day simple moving average of $49.80 and a 200-day simple moving average of $51.11. The company has a market cap of $85.36 billion, a price-to-earnings ratio of 25.02, a price-to-earnings-growth ratio of 3.02 and a beta of 0.87.

Relx Cuts Dividend

The business 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. This represents a dividend yield of 170.0%. The ex-dividend date is Friday, August 8th. Relx's dividend payout ratio (DPR) is currently 28.49%.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen lowered Relx from a "buy" rating to a "hold" rating in a research report on Friday, September 5th. One analyst has rated the stock with a Strong Buy rating and four have given a Buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy".

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.