Schwab Charles Investment Management Inc. lifted its holdings in shares of Ultrapar Participacoes S.A. (NYSE:UGP) by 29.7% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 415,019 shares of the oil and gas company’s stock after acquiring an additional 95,074 shares during the quarter. Schwab Charles Investment Management Inc. owned about 0.08% of Ultrapar Participacoes worth $9,766,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. Genesis Asset Managers LLP boosted its position in Ultrapar Participacoes by 228.4% during the 2nd quarter. Genesis Asset Managers LLP now owns 3,070,132 shares of the oil and gas company’s stock worth $72,240,000 after purchasing an additional 2,135,204 shares during the period. Bank of America Corp DE raised its position in Ultrapar Participacoes by 934.1% in the first quarter. Bank of America Corp DE now owns 1,017,169 shares of the oil and gas company’s stock valued at $23,120,000 after purchasing an additional 918,809 shares during the period. Morgan Stanley raised its position in Ultrapar Participacoes by 440.2% in the first quarter. Morgan Stanley now owns 529,081 shares of the oil and gas company’s stock valued at $12,026,000 after purchasing an additional 431,140 shares during the period. Goldman Sachs Group Inc. raised its position in Ultrapar Participacoes by 33.5% in the first quarter. Goldman Sachs Group Inc. now owns 530,354 shares of the oil and gas company’s stock valued at $12,055,000 after purchasing an additional 133,165 shares during the period. Finally, State Street Corp raised its position in Ultrapar Participacoes by 13.3% in the first quarter. State Street Corp now owns 927,977 shares of the oil and gas company’s stock valued at $21,091,000 after purchasing an additional 108,723 shares during the period. Institutional investors and hedge funds own 3.97% of the company’s stock.

Shares of Ultrapar Participacoes S.A. (NYSE:UGP) opened at 23.90 on Tuesday. Ultrapar Participacoes S.A. has a 1-year low of $18.38 and a 1-year high of $25.09. The stock has a market cap of $12.99 billion, a P/E ratio of 29.11 and a beta of 1.13. The company’s 50-day moving average is $23.68 and its 200 day moving average is $23.25.

The business also recently disclosed a semiannual dividend, which was paid on Tuesday, September 5th. Stockholders of record on Monday, August 21st were issued a dividend of $0.2694 per share. This represents a dividend yield of 2.41%. The ex-dividend date of this dividend was Thursday, August 17th. Ultrapar Participacoes’s dividend payout ratio is 67.50%.

A number of research firms have recently issued reports on UGP. Zacks Investment Research upgraded Ultrapar Participacoes from a “sell” rating to a “hold” rating in a research note on Tuesday, September 19th. BidaskClub lowered Ultrapar Participacoes from a “buy” rating to a “hold” rating in a research report on Friday, July 28th. HSBC Holdings plc cut Ultrapar Participacoes from a “buy” rating to a “hold” rating in a report on Tuesday, August 8th. Finally, Bank of America Corporation cut Ultrapar Participacoes from a “neutral” rating to an “underperform” rating in a report on Thursday, August 10th. One analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company. Ultrapar Participacoes presently has an average rating of “Hold” and a consensus price target of $24.00.

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Ultrapar Participacoes Profile

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

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