Timber Creek Capital Management LLC Has $1.82 Million Stock Position in Relx Plc (NYSE:RELX)

Timber Creek Capital Management LLC grew its stake in Relx Plc (NYSE:RELX) by 1.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 40,070 shares of the technology company’s stock after purchasing an additional 474 shares during the quarter. Timber Creek Capital Management LLC’s holdings in Relx were worth $1,820,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the stock. FMR LLC lifted its stake in shares of Relx by 8.3% in the 3rd quarter. FMR LLC now owns 7,148,837 shares of the technology company’s stock valued at $339,284,000 after purchasing an additional 548,423 shares during the period. Captrust Financial Advisors raised its stake in Relx by 3.4% during the 3rd quarter. Captrust Financial Advisors now owns 1,103,797 shares of the technology company’s stock worth $52,386,000 after buying an additional 35,807 shares during the period. JPMorgan Chase & Co. raised its stake in Relx by 14.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 826,481 shares of the technology company’s stock worth $39,225,000 after buying an additional 104,999 shares during the period. Reynders McVeigh Capital Management LLC raised its stake in Relx by 31.8% during the 3rd quarter. Reynders McVeigh Capital Management LLC now owns 495,004 shares of the technology company’s stock worth $23,493,000 after buying an additional 119,405 shares during the period. Finally, Eagle Ridge Investment Management raised its stake in shares of Relx by 1.2% in the 3rd quarter. Eagle Ridge Investment Management now owns 316,601 shares of the technology company’s stock valued at $15,026,000 after purchasing an additional 3,779 shares during the period. Institutional investors and hedge funds own 15.02% of the company’s stock.

Relx Stock Performance

Relx stock opened at $50.87 on Wednesday. Relx Plc has a 52 week low of $40.25 and a 52 week high of $51.99. The company has a current ratio of 0.52, a quick ratio of 0.47 and a debt-to-equity ratio of 1.46. The stock has a 50-day simple moving average of $47.89 and a 200 day simple moving average of $47.19.

Relx Increases Dividend

The firm also recently declared a semi-annual dividend, which will be paid on Wednesday, June 25th. Investors of record on Friday, May 9th will be issued a dividend of $0.5586 per share. The ex-dividend date is Friday, May 9th. This represents a yield of 1.6%. This is a boost from Relx’s previous semi-annual dividend of $0.23.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Redburn Atlantic assumed coverage on Relx in a research note on Wednesday, January 8th. They issued a “buy” rating on the stock. StockNews.com raised Relx from a “hold” rating to a “buy” rating in a research report on Friday, February 14th.

Relx Profile

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.