Heritage Wealth Management LLC Takes Position in Relx Plc (NYSE:RELX)

Heritage Wealth Management LLC acquired a new stake in shares of Relx Plc (NYSE:RELX - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 23,916 shares of the technology company's stock, valued at approximately $949,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. FMR LLC increased its stake in shares of Relx by 9.0% in the third quarter. FMR LLC now owns 2,349,521 shares of the technology company's stock valued at $79,179,000 after buying an additional 194,937 shares during the period. Clearbridge Investments LLC boosted its position in Relx by 1.7% during the 3rd quarter. Clearbridge Investments LLC now owns 2,147,512 shares of the technology company's stock valued at $72,371,000 after acquiring an additional 36,466 shares in the last quarter. Envestnet Asset Management Inc. lifted its position in Relx by 27.5% in the 3rd quarter. Envestnet Asset Management Inc. now owns 1,781,022 shares of the technology company's stock valued at $60,020,000 after acquiring an additional 384,504 shares in the last quarter. Royal Bank of Canada increased its stake in Relx by 2.9% in the 3rd quarter. Royal Bank of Canada now owns 1,574,752 shares of the technology company's stock worth $53,070,000 after buying an additional 43,644 shares in the last quarter. Finally, Invesco Ltd. raised its position in Relx by 11.2% in the 3rd quarter. Invesco Ltd. now owns 1,305,950 shares of the technology company's stock worth $44,011,000 after purchasing an additional 131,711 shares during the period. Institutional investors and hedge funds own 15.02% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. StockNews.com downgraded shares of Relx from a "buy" rating to a "hold" rating in a research report on Thursday, April 25th. Berenberg Bank lowered shares of Relx from a "buy" rating to a "hold" rating in a research report on Friday, March 1st.

Relx Price Performance

NYSE RELX traded down $0.02 on Thursday, hitting $41.21. 829,929 shares of the stock traded hands, compared to its average volume of 1,102,933. Relx Plc has a 12 month low of $30.10 and a 12 month high of $44.75. The business's fifty day moving average is $42.73 and its two-hundred day moving average is $40.23. The company has a debt-to-equity ratio of 1.51, a current ratio of 0.52 and a quick ratio of 0.47.

Relx Increases Dividend

The business also recently declared a Semi-Annual dividend, which will be paid on Tuesday, June 18th. Stockholders of record on Friday, May 3rd will be given a $0.526 dividend. This is a boost from Relx's previous Semi-Annual dividend of $0.22. This represents a dividend yield of 1.7%. The ex-dividend date is Thursday, May 2nd.

About Relx

RELX PLC, together with its subsidiaries, provides information-based analytics and decision tools for professional and business customers in North America, Europe, and internationally. It operates through four segments: Risk; Scientific, Technical & Medical; Legal; and Exhibitions. The Risk segment offers information-based analytics and decision tools that combine public and industry specific content with technology and algorithms to assist clients in evaluating and predicting risk.