Hemenway Trust Co LLC Invests $264,000 in Relx Plc (NYSE:RELX)

Hemenway Trust Co LLC acquired a new stake in Relx Plc (NYSE:RELX) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 5,750 shares of the technology company’s stock, valued at approximately $264,000.

A number of other institutional investors have also recently made changes to their positions in the business. Frazier Financial Advisors LLC acquired a new position in shares of Relx in the fourth quarter worth $35,000. Financial Management Professionals Inc. raised its position in Relx by 192.9% in the 1st quarter. Financial Management Professionals Inc. now owns 867 shares of the technology company’s stock valued at $38,000 after purchasing an additional 571 shares in the last quarter. Timber Creek Capital Management LLC purchased a new position in shares of Relx in the 1st quarter valued at about $43,000. Pinnacle Bancorp Inc. grew its position in shares of Relx by 90.9% during the first quarter. Pinnacle Bancorp Inc. now owns 983 shares of the technology company’s stock worth $43,000 after buying an additional 468 shares in the last quarter. Finally, Indiana Trust & Investment Management CO purchased a new stake in shares of Relx during the second quarter worth approximately $52,000. Institutional investors and hedge funds own 15.02% of the company’s stock.

Relx Price Performance

NYSE RELX traded up $0.76 during trading on Friday, reaching $46.65. 114,245 shares of the company’s stock were exchanged, compared to its average volume of 880,609. The company has a 50 day moving average price of $45.87 and a two-hundred day moving average price of $44.30. Relx Plc has a 1 year low of $33.13 and a 1 year high of $47.42. The company has a quick ratio of 0.47, a current ratio of 0.52 and a debt-to-equity ratio of 1.51.

Relx Cuts Dividend

The firm also recently announced a Semi-Annual dividend, which will be paid on Tuesday, September 10th. Investors of record on Friday, August 2nd will be paid a dividend of $0.234 per share. This represents a yield of 1.6%. The ex-dividend date is Friday, August 2nd.

Analysts Set New Price Targets

Separately, StockNews.com downgraded shares of Relx from a “buy” rating to a “hold” rating in a research note on Saturday, August 31st.

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.