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

Several other research analysts have also commented on UGP. Zacks Investment Research downgraded Ultrapar Participacoes from a "buy" rating to a "hold" rating in a 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.

Ultrapar Participacoes (NYSE:UGP) traded up 0.240% on Friday, reaching $22.965. The Company engages in the investment of its capital in services, commercial and industrial activities, through the subscription or acquisition of shares of other companies. Manatuck Hill Partners Llc bought 135,000 shares as the company's stock declined 22.65% while stock markets rallied. The company has market cap of $12.37 billion. The stock of Ultrapar Participacoes SA (ADR) (NYSE:UGP) earned "Buy" rating by Citigroup on Friday, November 18. BNP Paribas Arbitrage SA boosted its position in shares of Ultrapar Participacoes by 5.5% in the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 7,938 shares of the oil and gas company's stock worth $180,000 after buying an additional 400 shares during the period. Bank of New York Mellon Corp raised its stake in Ultrapar Participacoes by 1.5% in the first quarter. Advisor Group Inc. boosted its stake in shares of Ultrapar Participacoes by 30.7% in the second quarter. Ameriprise Financial Inc. now owns 13,024 shares of the oil and gas company's stock worth $296,000 after buying an additional 3,280 shares in the last quarter. Institutional investors and hedge funds own 4.28% of the company's stock.

The business also recently disclosed a semiannual dividend, which will be paid on Tuesday, September 5th. Investors of record on Monday, August 21st will be given a dividend of $0.2694 per share. 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 dividend yield of 2.41%.

COPYRIGHT VIOLATION NOTICE: "Bank of America Corporation Downgrades Ultrapar Participacoes S.A. (UGP) to Underperform" was first published by Community Financial News and is the property of of Community Financial News. The ex-dividend date of this dividend is Thursday, August 17th. 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. If you are viewing this piece on another domain, it was stolen and reposted in violation of United States & global copyright and trademark legislation.

Ultrapar Participacoes has decreased its dividend by an average of 9.0% annually over the last three years. The original version of this piece can be accessed at https://www.com-unik.info/2017/08/13/bank-of-america-corporation-downgrades-ultrapar-participacoes-s-a-ugp-to-underperform.html.

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