Wellington Management Group LLP Sells 10,021 Shares of Ultrapar Participacoes S.A. $UGP

Wellington Management Group LLP lessened its position in Ultrapar Participacoes S.A. (NYSE:UGP) by 1.7% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 589,621 shares of the oil and gas company’s stock after selling 10,021 shares during the period. Wellington Management Group LLP owned 0.05% of Ultrapar Participacoes worth $1,816,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Sequoia Financial Advisors LLC grew its holdings in Ultrapar Participacoes by 61.3% in the 1st quarter. Sequoia Financial Advisors LLC now owns 52,395 shares of the oil and gas company’s stock worth $161,000 after acquiring an additional 19,918 shares during the last quarter. GAMMA Investing LLC grew its holdings in Ultrapar Participacoes by 92.9% in the 1st quarter. GAMMA Investing LLC now owns 17,413 shares of the oil and gas company’s stock worth $54,000 after acquiring an additional 8,388 shares during the last quarter. Jane Street Group LLC grew its holdings in Ultrapar Participacoes by 200.9% in the 4th quarter. Jane Street Group LLC now owns 146,591 shares of the oil and gas company’s stock worth $386,000 after acquiring an additional 97,879 shares during the last quarter. Bank of America Corp DE grew its holdings in Ultrapar Participacoes by 33.5% in the 4th quarter. Bank of America Corp DE now owns 986,220 shares of the oil and gas company’s stock worth $2,594,000 after acquiring an additional 247,755 shares during the last quarter. Finally, Raiffeisen Bank International AG bought a new stake in Ultrapar Participacoes in the 1st quarter worth $831,000. Institutional investors own 3.58% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on UGP. Wall Street Zen raised shares of Ultrapar Participacoes from a “hold” rating to a “strong-buy” rating in a report on Friday, August 22nd. Scotiabank raised shares of Ultrapar Participacoes from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 28th. Two equities research analysts have rated the stock with a Strong Buy rating and three have assigned a Buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $3.20.

Ultrapar Participacoes Trading Down 1.2%

NYSE:UGP opened at $3.66 on Friday. The company has a 50-day moving average price of $3.17 and a 200-day moving average price of $3.06. Ultrapar Participacoes S.A. has a 12 month low of $2.53 and a 12 month high of $4.36. The company has a current ratio of 1.82, a quick ratio of 1.38 and a debt-to-equity ratio of 0.84. The stock has a market cap of $4.08 billion, a price-to-earnings ratio of 8.12, a P/E/G ratio of 3.61 and a beta of 1.05.

Ultrapar Participacoes Cuts Dividend

The firm also recently declared a semi-annual dividend, which will be paid on Monday, September 8th. Investors of record on Monday, August 25th will be given a dividend of $0.0555 per share. This represents a yield of 360.0%. The ex-dividend date of this dividend is Monday, August 25th. Ultrapar Participacoes’s dividend payout ratio (DPR) is 22.22%.

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.