Venturi Wealth Management LLC Has $1.33 Million Holdings in Relx Plc $RELX

Venturi Wealth Management LLC lifted its holdings in Relx Plc (NYSE:RELX) by 1.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,476 shares of the technology company’s stock after acquiring an additional 232 shares during the quarter. Venturi Wealth Management LLC’s holdings in Relx were worth $1,330,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Larson Financial Group LLC boosted its holdings in shares of Relx by 612.5% in the 1st quarter. Larson Financial Group LLC now owns 513 shares of the technology company’s stock worth $26,000 after acquiring an additional 441 shares in the last quarter. WPG Advisers LLC acquired a new position in shares of Relx in the 1st quarter worth approximately $28,000. Golden State Wealth Management LLC boosted its holdings in shares of Relx by 100.0% in 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 holdings in shares of Relx by 325.2% in 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, Ameritas Advisory Services LLC acquired a new position in shares of Relx in the 2nd quarter worth approximately $64,000. 15.02% of the stock is owned by institutional investors and hedge funds.

Relx Stock Performance

Shares of Relx stock opened at $45.84 on Thursday. The firm has a fifty day moving average of $47.49 and a two-hundred day moving average of $50.87. The stock has a market capitalization of $84.01 billion, a price-to-earnings ratio of 24.65, a PEG ratio of 2.96 and a beta of 0.87. Relx Plc has a 52 week low of $44.19 and a 52 week high of $56.33. The company has a debt-to-equity ratio of 2.55, a quick ratio of 0.42 and a current ratio of 0.47.

Relx Cuts Dividend

The firm also recently announced a semi-annual dividend, which was paid on Tuesday, September 16th. Shareholders of record on Friday, August 8th were given a dividend of $0.2634 per share. The ex-dividend date was Friday, August 8th. This represents a dividend yield of 170.0%. Relx’s payout ratio is presently 28.49%.

Wall Street Analyst Weigh In

Several research analysts have issued reports on RELX shares. Wall Street Zen downgraded Relx from a “buy” rating to a “hold” rating in a report on Friday, September 5th. Morgan Stanley reaffirmed an “overweight” rating on shares of Relx in a report on Thursday, September 11th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Relx in a report on Wednesday. Barclays reaffirmed an “overweight” rating on shares of Relx in a report on Tuesday. Finally, Kepler Capital Markets raised Relx from a “hold” rating to a “strong-buy” rating in a report on Thursday, September 18th. One analyst has rated the stock with a Strong Buy rating and five have assigned a Buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average 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.