Blue Zone Wealth Advisors LLC Purchases 346 Shares of Relx Plc $RELX

Blue Zone Wealth Advisors LLC boosted its position in Relx Plc (NYSE:RELX) by 0.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 124,187 shares of the technology company’s stock after acquiring an additional 346 shares during the quarter. Relx accounts for approximately 1.7% of Blue Zone Wealth Advisors LLC’s portfolio, making the stock its 23rd largest holding. Blue Zone Wealth Advisors LLC’s holdings in Relx were worth $6,748,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Larson Financial Group LLC increased its stake in Relx by 612.5% in the first 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 during the last quarter. WPG Advisers LLC bought a new position in Relx in the first quarter valued at $28,000. Golden State Wealth Management LLC increased its stake in Relx by 100.0% in the first quarter. Golden State Wealth Management LLC now owns 588 shares of the technology company’s stock valued at $30,000 after acquiring an additional 294 shares during the last quarter. Cornerstone Planning Group LLC increased its stake in Relx by 325.2% in the first quarter. Cornerstone Planning Group LLC now owns 693 shares of the technology company’s stock valued at $37,000 after acquiring an additional 530 shares during the last quarter. Finally, Ameritas Advisory Services LLC bought a new position in Relx in the second quarter valued at $64,000. Institutional investors own 15.02% of the company’s stock.

Relx Stock Performance

Shares of RELX opened at $44.80 on Friday. The company has a debt-to-equity ratio of 2.55, a current ratio of 0.47 and a quick ratio of 0.42. Relx Plc has a one year low of $44.19 and a one year high of $56.33. The company has a 50-day simple moving average of $47.22 and a two-hundred day simple moving average of $50.80. The firm has a market capitalization of $81.87 billion, a PE ratio of 24.08, a price-to-earnings-growth ratio of 2.94 and a beta of 0.87.

Relx Cuts Dividend

The business also recently disclosed a semi-annual dividend, which was paid on Tuesday, September 16th. Shareholders of record on Friday, August 8th were issued a $0.2634 dividend. The ex-dividend date was Friday, August 8th. This represents a yield of 170.0%. Relx’s dividend payout ratio (DPR) is 28.49%.

Analyst Ratings Changes

A number of research analysts recently commented on RELX shares. Morgan Stanley reissued an “overweight” rating on shares of Relx in a research note on Thursday, September 11th. Wall Street Zen cut Relx from a “buy” rating to a “hold” rating in a research note on Friday, September 5th. Barclays reaffirmed an “overweight” rating on shares of Relx in a research note on Tuesday. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Relx in a research note on Wednesday. Finally, Kepler Capital Markets upgraded shares of 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 given a Buy rating to the company’s stock. Based on data from MarketBeat.com, the company 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.