Several research analysts have weighed in on UGP shares. Zacks Investment Research lowered Ultrapar Participacoes from a "buy" rating to a "hold" rating in a research report on Thursday, April 27th. HSBC Holdings plc cut Ultrapar Participacoes from a "buy" rating to a "hold" rating in a research report on Tuesday, August 8th.
Another recent and important Ultrapar Participacoes SA (ADR) (NYSE:UGP) news was published by Marketwatch.com which published an article titled: "22.85" on October 20, 2010.
In the market the company is trading up by 2.10% since yesterday's close of $21.86. The company has a 50 day moving average price of $23.36 and a 200 day moving average price of $22.63. The company has a market cap of $12.21 billion, a PE ratio of 26.70 and a beta of 1.12. Ultrapar Participacoes has a one year low of $18.38 and a one year high of $24.79.
A number of other large investors also recently made changes to their positions in UGP. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company's stock. As of quarter end Blackrock Inc. had bought 16,763 shares growing its stake by 4.8%. Bank of New York Mellon Corp boosted its position in shares of Ultrapar Participacoes by 1.5% in the first quarter. Fisher Asset Management LLC now owns 279,283 shares of the oil and gas company's stock valued at $6,348,000 after buying an additional 27,166 shares in the last quarter. Finally, Airain ltd acquired a new position in shares of Ultrapar Participacoes during the first quarter worth $304,000. 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 in the last quarter.
The company also recently announced a semiannual dividend, which will be paid on Tuesday, September 5th. 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. Ultrapar Participacoes presently has a consensus rating of "Hold" and a consensus price target of $24.00. Bank of America Corporation cut shares of Ultrapar Participacoes from a "neutral" rating to an "underperform" rating in a research note on Thursday. This represents a dividend yield of 2.41%. If you are reading this article on another domain, it was copied illegally and republished in violation of United States and worldwide trademark and copyright law. The ex-dividend date is Thursday, August 17th. 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.