Ultrapar Participacoes SA (Ne (NYSE:UGP) Trading Volume Significantly Higher

Cornelia Mascio
Agosto 13, 2017

Ultrapar Participacoes S.A. (NYSE:UGP) was downgraded by equities research analysts at BidaskClub from a "buy" rating to a "hold" rating in a research report issued on Friday, July 28th.

Several research analysts have weighed in on UGP shares. Citigroup Inc. downgraded Ultrapar Participacoes from a "buy" rating to a "neutral" rating in a research note on Tuesday, April 11th.

Shares of Ultrapar Participacoes (NYSE UGP) opened at 22.32 on Friday. About 261,925 shares traded. The company has a 50 day moving average price of $23.36 and a 200 day moving average price of $22.63. Forward Management Llc bought 25,255 shares as the company's stock rose 1.96% with the market. Ultrapar Participacoes S.A. has a 12-month low of $18.38 and a 12-month high of $24.79.

A number of other large investors also recently made changes to their positions in UGP. Harel Insurance Investments & Financial Services Ltd. boosted its stake in shares of Ultrapar Participacoes by 5.3% in the first quarter. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the stock. Bank of New York Mellon Corp raised its stake in Ultrapar Participacoes by 1.5% in the first quarter. Bank of New York Mellon Corp boosted its position in shares of Ultrapar Participacoes by 1.5% in the first 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. Finally, Airain ltd acquired a new stake in Ultrapar Participacoes during the first quarter valued at about $304,000. North Star Invest accumulated 84,875 shares or 1.32% of the stock.

The firm also recently announced a semiannual dividend, which will be paid on Tuesday, September 5th. If you are viewing this piece on another domain, it was stolen and reposted in violation of United States & global copyright and trademark legislation. This represents a 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 is Thursday, August 17th. Ultrapar Participacoes now has a consensus rating of "Hold" and a consensus price target of $24.00. Ultrapar Participacoes's dividend payout ratio is 65.00%. The legal version of this story can be viewed at https://www.thestockobserver.com/2017/08/12/ultrapar-participacoes-s-a-ugp-declares-0-27-dividend.html. LLC now owns 16,070 shares of the oil and gas company's stock valued at $365,000 after buying an additional 501 shares in the last 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 in the last quarter.

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