Ultrapar Participacoes earned a media sentiment score of 0.27 on Accern's scale. PNC Financial Services Group Inc. increased its position in shares of Ultrapar Participacoes by 13.2% in the first quarter. Advisors Asset Management Inc. now owns 135,554 shares of the oil and gas company's stock valued at $3,081,000 after buying an additional 3,496 shares during the period. CIBC World Markets Inc. bought a new stake in shares of Ultrapar Participacoes during the second quarter worth $210,000. State Street Corp now owns 819,254 shares of the oil and gas company's stock worth $16,991,000 after buying an additional 25,052 shares in the last quarter. Bank of New York Mellon Corp raised its stake in Ultrapar Participacoes by 1.5% in the first quarter. 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 in the last quarter. Hedge funds and other institutional investors own 4.28% of the company's stock.
Ultrapar Participacoes SA is a Brazil firm primarily engaged in the automotive fuel retail.
Ultrapar Participacoes SA (NYSE:UGP) had a decrease of 1.98% in short interest. The firm's 50-day moving average is $23.36 and its 200-day moving average is $22.63.
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Among 3 analysts covering Ultrapar Participacoes SA (NYSE:UGP), 0 have Buy rating, 1 Sell and 2 Hold. The stock has a market cap of $12.21 billion, a price-to-earnings ratio of 26.70 and a beta of 1.12.
The company also recently announced 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. The ex-dividend date is Thursday, August 17th. This represents a yield of 2.41%. Ultrapar Participacoes's dividend payout ratio is 65.00%. If you are accessing this piece of content on another publication, it was illegally copied and reposted in violation of United States & global copyright & trademark law. 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.
UGP has been the topic of several recent research reports. Zacks Investment Research lowered Ultrapar Participacoes from a "buy" rating to a "hold" rating in a research report on Thursday, April 27th. BidaskClub cut Ultrapar Participacoes from a "buy" rating to a "hold" rating in a report on Friday, July 28th. Bank of America Corporation cut shares of Ultrapar Participacoes from a "neutral" rating to an "underperform" rating in a research note on Thursday. Two 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.