Ultrapar Participacoes S.A. $UGP Shares Sold by US Bancorp DE

US Bancorp DE lessened its stake in Ultrapar Participacoes S.A. (NYSE:UGP) by 46.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,483 shares of the oil and gas company’s stock after selling 22,030 shares during the period. US Bancorp DE’s holdings in Ultrapar Participacoes were worth $78,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of UGP. Polunin Capital Partners Ltd acquired a new position in Ultrapar Participacoes in the first quarter valued at $26,736,000. JPMorgan Chase & Co. boosted its stake in Ultrapar Participacoes by 763.8% in the fourth quarter. JPMorgan Chase & Co. now owns 1,374,747 shares of the oil and gas company’s stock valued at $3,616,000 after acquiring an additional 1,215,605 shares in the last quarter. Two Sigma Investments LP boosted its stake in Ultrapar Participacoes by 58.2% in the fourth quarter. Two Sigma Investments LP now owns 1,654,373 shares of the oil and gas company’s stock valued at $4,351,000 after acquiring an additional 608,951 shares in the last quarter. Millennium Management LLC boosted its stake in Ultrapar Participacoes by 76.4% in the fourth quarter. Millennium Management LLC now owns 1,175,452 shares of the oil and gas company’s stock valued at $3,091,000 after acquiring an additional 509,037 shares in the last quarter. Finally, Cubist Systematic Strategies LLC boosted its stake in Ultrapar Participacoes by 194.4% in the fourth quarter. Cubist Systematic Strategies LLC now owns 734,949 shares of the oil and gas company’s stock valued at $1,933,000 after acquiring an additional 485,299 shares in the last quarter. Institutional investors and hedge funds own 3.58% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on UGP shares. Scotiabank upgraded shares of Ultrapar Participacoes from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 28th. Wall Street Zen downgraded shares of Ultrapar Participacoes from a “buy” rating to a “hold” rating in a research note on Saturday, May 17th. One investment analyst has rated the stock with a hold rating, three have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $3.20.

Ultrapar Participacoes Price Performance

Shares of UGP opened at $3.31 on Tuesday. Ultrapar Participacoes S.A. has a fifty-two week low of $2.53 and a fifty-two week high of $4.51. The company has a market capitalization of $3.69 billion, a price-to-earnings ratio of 7.34, a price-to-earnings-growth ratio of 3.26 and a beta of 1.05. The firm has a 50-day simple moving average of $3.12 and a 200-day simple moving average of $3.02. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.26 and a current ratio of 1.76.

Ultrapar Participacoes Cuts Dividend

The firm also recently announced a semi-annual dividend, which will be paid on Monday, September 8th. Stockholders of record on Monday, August 25th will be paid a dividend of $0.0555 per share. The ex-dividend date is Monday, August 25th. This represents a dividend yield of 360.0%. Ultrapar Participacoes’s dividend payout ratio is 31.11%.

About Ultrapar Participacoes

Ultrapar Participações SA, through its subsidiaries, operates in the energy and infrastructure business in Brazil. The company distributes liquefied petroleum gas to residential, commercial, and industrial consumers, in addition to renewable electricity and compressed natural gas. It also operates in the distribution and marketing of gasoline, ethanol, diesel, fuel oil, kerosene, natural gas for vehicles, and lubricants; and holds AmPm convenience stores and provides JetOil lubricant services.