Blue Zone Wealth Advisors LLC Purchases 1,444 Shares of Relx Plc (NYSE:RELX)

Blue Zone Wealth Advisors LLC grew its position in Relx Plc (NYSE:RELX) by 1.4% during the second quarter, Holdings Channel reports. The institutional investor owned 103,096 shares of the technology company’s stock after acquiring an additional 1,444 shares during the quarter. Relx comprises 1.6% of Blue Zone Wealth Advisors LLC’s investment portfolio, making the stock its 24th largest holding. Blue Zone Wealth Advisors LLC’s holdings in Relx were worth $4,730,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of RELX. Financial Management Professionals Inc. grew its stake in Relx by 192.9% during the 1st quarter. Financial Management Professionals Inc. now owns 867 shares of the technology company’s stock worth $38,000 after buying an additional 571 shares during the last quarter. Frazier Financial Advisors LLC acquired a new stake in Relx in the fourth quarter worth about $35,000. Parkside Financial Bank & Trust grew its stake in shares of Relx by 81.1% during the fourth quarter. Parkside Financial Bank & Trust now owns 909 shares of the technology company’s stock worth $36,000 after acquiring an additional 407 shares during the last quarter. Pinnacle Bancorp Inc. increased its holdings in shares of Relx by 90.9% during the first quarter. Pinnacle Bancorp Inc. now owns 983 shares of the technology company’s stock valued at $43,000 after acquiring an additional 468 shares in the last quarter. Finally, Timber Creek Capital Management LLC purchased a new position in shares of Relx in the 1st quarter valued at approximately $43,000. Hedge funds and other institutional investors own 15.02% of the company’s stock.

Relx Stock Performance

Shares of RELX stock traded up $0.44 during mid-day trading on Friday, reaching $45.09. The stock had a trading volume of 455,021 shares, compared to its average volume of 841,441. Relx Plc has a 1-year low of $31.38 and a 1-year high of $47.42. The firm has a market cap of $84.24 billion, a price-to-earnings ratio of 26.22, a PEG ratio of 2.74 and a beta of 0.89. The company has a current ratio of 0.52, a quick ratio of 0.47 and a debt-to-equity ratio of 1.51. The business’s fifty day moving average is $45.58 and its 200-day moving average is $43.74.

Relx Cuts Dividend

The firm also recently declared a Semi-Annual dividend, which will be paid on Tuesday, September 10th. Investors of record on Friday, August 2nd will be issued a $0.234 dividend. The ex-dividend date of this dividend is Friday, August 2nd. This represents a yield of 1.6%. Relx’s dividend payout ratio (DPR) is presently 27.33%.

Analyst Upgrades and Downgrades

Separately, StockNews.com began coverage on shares of Relx in a research report on Tuesday, August 6th. They set a “hold” rating on the stock.

Relx Profile

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.