Ultrapar Participacoes SA (UGP) Position Raised by Goldman Sachs Group Inc

Ultrapar Participacoes S.A. (NYSE:UGP) was downgraded by equities researchers at Bank of America Corporation from a "neutral" rating to an "underperform" rating in a report issued on Thursday, Marketbeat reports. Zacks Investment Research lowered Ultrapar Participacoes from a hold rating to a sell rating in a report on Thursday, July 13th.

(UGP) traded up 2.10% during midday trading on Friday, reaching $22.32. About 222,959 shares traded. The firm has a 50-day moving average of $23.48 and a 200-day moving average of $22.56. The company has market cap of $12.37 billion. Ultrapar Participacoes has a 12 month low of $18.38 and a 12 month high of $24.79.

Several large investors have recently modified their holdings of UGP. Russell Investments Group Ltd. bought a new stake in shares of Ultrapar Participacoes during the fourth quarter worth $502,000. PNC Financial Services Group Inc. now owns 6,695 shares of the oil and gas company's stock worth $151,000 after buying an additional 782 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. increased its position in shares of Ultrapar Participacoes by 5.3% in the first quarter. It also reduced its holding in Wpp Plc New (NASDAQ:WPPGY) by 16,197 shares in the quarter, leaving it with 33,437 shares, and cut its stake in Select Income Reit (NYSE:SIR). Ameriprise Financial Inc. now owns 13,024 shares of the oil and gas company's stock valued at $296,000 after buying an additional 3,280 shares during the period. State Street Corp raised its stake in shares of Ultrapar Participacoes by 3.2% in the fourth quarter. North Star Invest accumulated 84,875 shares or 1.32% of the stock.

The firm also recently disclosed a semiannual dividend, which will be paid on Tuesday, September 5th. If you are accessing this piece on another domain, it was stolen and reposted in violation of United States and worldwide copyright and trademark law. Investors of record on Monday, August 21st will be given a dividend of $0.2694 per share. Comerica Bank boosted its position in shares of Ultrapar Participacoes by 1.3% in the first quarter. Manning & Napier Advisors LLC now owns 48,654 shares of the oil and gas company's stock worth $1,105,000 after buying an additional 8,432 shares in the last quarter. This represents a yield of 2.41%. Bank of New York Mellon Corp now owns 104,419 shares of the oil and gas company's stock valued at $2,374,000 after buying an additional 1,499 shares during the period. Ultrapar Participacoes now has a consensus rating of "Hold" and a consensus price target of $24.00. The ex-dividend date is Thursday, August 17th. Ultrapar Participacoes's dividend payout ratio is 65.00%. The original version of this piece can be viewed at https://www.themarketsdaily.com/2017/08/12/ultrapar-participacoes-s-a-ugp-shares-bought-by-goldman-sachs-group-inc-updated-updated-updated.html.

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