Relx Plc $RELX Stock Holdings Cut by Alliancebernstein L.P.

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

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Larson Financial Group LLC boosted its stake in Relx by 612.5% during the 1st quarter. Larson Financial Group LLC now owns 513 shares of the technology company's stock valued at $26,000 after purchasing an additional 441 shares in the last quarter. WPG Advisers LLC bought a new stake in shares of Relx during the 1st quarter worth $28,000. Golden State Wealth Management LLC boosted its stake in shares of 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 in the last quarter. Cornerstone Planning Group LLC boosted its stake in shares of 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 in the last quarter. Finally, Redwood Investments LLC bought a new stake in shares of Relx during the 4th quarter worth $120,000. 15.02% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, Wall Street Zen lowered Relx from a "buy" rating to a "hold" rating in a research note on Friday. One analyst has rated the stock with a Strong Buy rating and four have given a Buy rating to the stock. Based on data from MarketBeat.com, Relx currently has a consensus rating of "Buy".

Relx Stock Performance

Shares of Relx stock opened at $47.38 on Tuesday. The stock has a market cap of $86.91 billion, a PE ratio of 25.47, a price-to-earnings-growth ratio of 3.07 and a beta of 0.87. The business has a fifty day simple moving average of $50.35 and a 200-day simple moving average of $51.20. 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 Plc has a 12 month low of $44.19 and a 12 month high of $56.33.

Relx Cuts Dividend

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

Relx 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.

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