Goldman Sachs Group Inc. Boosts Position in Ultrapar Participacoes S.A. (NYSE:UGP)

Goldman Sachs Group Inc. raised its position in Ultrapar Participacoes S.A. (NYSE:UGP) by 33.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 530,354 shares of the oil and gas company’s stock after buying an additional 133,165 shares during the period. Goldman Sachs Group Inc. owned 0.10% of Ultrapar Participacoes worth $12,055,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of UGP. PNC Financial Services Group Inc. increased its position in Ultrapar Participacoes by 13.2% in the first quarter. 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 during the last quarter. Harel Insurance Investments & Financial Services Ltd. increased its position in Ultrapar Participacoes by 5.3% 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 last quarter. Wetherby Asset Management Inc. acquired a new position in Ultrapar Participacoes during the first quarter worth about $215,000. Ameriprise Financial Inc. increased its position in Ultrapar Participacoes by 33.7% 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 during the last quarter. Finally, Airain ltd acquired a new position in Ultrapar Participacoes during the first quarter worth about $304,000. Institutional investors own 4.28% of the company’s stock.

Shares of Ultrapar Participacoes S.A. (UGP) traded up 2.10% during mid-day trading on Friday, reaching $22.32. 674,126 shares of the company traded hands. The stock’s 50 day moving average is $23.36 and its 200 day moving average is $22.63. The stock has a market capitalization of $12.21 billion, a PE ratio of 26.70 and a beta of 1.12. Ultrapar Participacoes S.A. has a 52-week low of $18.38 and a 52-week high of $24.79.

The firm also recently announced a semiannual dividend, which will be paid on Tuesday, September 5th. Shareholders of record on Monday, August 21st will be given a dividend of $0.2694 per share. The ex-dividend date of this dividend is Thursday, August 17th. This represents a yield of 2.41%. Ultrapar Participacoes’s payout ratio is presently 65.00%.

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A number of research analysts have recently issued reports on UGP shares. BidaskClub upgraded shares of Ultrapar Participacoes from a “hold” rating to a “buy” rating in a research report on Saturday, August 5th. HSBC Holdings plc downgraded shares of Ultrapar Participacoes from a “buy” rating to a “hold” rating in a research report on Tuesday. Zacks Investment Research downgraded shares of Ultrapar Participacoes from a “buy” rating to a “hold” rating in a research report on Thursday, April 27th. Finally, Bank of America Corporation downgraded shares of Ultrapar Participacoes from a “neutral” rating to an “underperform” rating in a research report on Thursday. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $24.00.

Ultrapar Participacoes Company Profile

Institutional Ownership by Quarter for Ultrapar Participacoes (NYSE:UGP)

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