World Kinect Corporation $WKC Holdings Cut by Bank of America Corp DE

Posted by Brenda Bartman on Aug 22nd, 2026

Bank of America Corp DE lowered its stake in shares of World Kinect Corporation (NYSE:WKC – Free Report) by 83.9% in the first quarter, HoldingsChannel reports. The institutional investor owned 568,003 shares of the company’s stock after selling 2,970,940 shares during the period. Bank of America Corp DE’s holdings in World Kinect were worth $13,104,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Cassaday & Co Wealth Management LLC purchased a new stake in shares of World Kinect during the first quarter worth $37,000. Aquatic Capital Management LLC purchased a new position in World Kinect in the third quarter valued at about $61,000. Aster Capital Management DIFC Ltd grew its stake in World Kinect by 977.9% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 2,630 shares of the company’s stock valued at $62,000 after purchasing an additional 2,386 shares in the last quarter. Clearstead Advisors LLC increased its position in World Kinect by 108.8% in the 4th quarter. Clearstead Advisors LLC now owns 2,633 shares of the company’s stock worth $62,000 after purchasing an additional 1,372 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new position in World Kinect in the 2nd quarter worth about $96,000. 97.06% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at World Kinect

In other news, EVP Jose-Miguel Tejada sold 6,000 shares of the company’s stock in a transaction that occurred on Thursday, August 13th. The shares were sold at an average price of $37.16, for a total transaction of $222,960.00. Following the transaction, the executive vice president directly owned 35,676 shares in the company, valued at approximately $1,325,720.16. This represents a 14.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director John L. Manley sold 10,000 shares of the stock in a transaction that occurred on Wednesday, July 29th. The shares were sold at an average price of $39.88, for a total transaction of $398,800.00. Following the sale, the director directly owned 54,116 shares in the company, valued at $2,158,146.08. This trade represents a 15.60% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 124,445 shares of company stock worth $4,455,900 in the last quarter. Insiders own 3.80% of the company’s stock.

World Kinect Price Performance

Shares of World Kinect stock opened at $35.99 on Friday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.91 and a current ratio of 1.06. The firm’s 50-day simple moving average is $35.46 and its 200-day simple moving average is $29.30. World Kinect Corporation has a twelve month low of $22.21 and a twelve month high of $41.20. The firm has a market cap of $1.84 billion, a P/E ratio of -11.21, a price-to-earnings-growth ratio of 0.55 and a beta of 1.17.

World Kinect (NYSE:WKC – Get Free Report) last announced its quarterly earnings results on Thursday, July 23rd. The company reported $1.29 earnings per share for the quarter, beating analysts’ consensus estimates of $0.75 by $0.54. The firm had revenue of $13.59 billion for the quarter, compared to analysts’ expectations of $10.50 billion. World Kinect had a positive return on equity of 11.24% and a negative net margin of 0.43%.The business’s revenue was up 50.3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.59 earnings per share. World Kinect has set its FY 2026 guidance at 3.200-3.400 EPS. As a group, research analysts expect that World Kinect Corporation will post 3.6 EPS for the current fiscal year.

World Kinect Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, July 16th. Investors of record on Tuesday, June 30th were given a dividend of $0.23 per share. This is a positive change from World Kinect’s previous quarterly dividend of $0.20. The ex-dividend date was Tuesday, June 30th. This represents a $0.92 annualized dividend and a yield of 2.6%. World Kinect’s dividend payout ratio is currently -28.66%.

Wall Street Analyst Weigh In

WKC has been the subject of several research reports. Morgan Stanley set a $30.00 price target on World Kinect in a report on Wednesday, July 29th. Zacks Research upgraded World Kinect from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 22nd. Weiss Ratings lowered shares of World Kinect from a “hold (c-)” rating to a “sell (d)” rating in a research report on Tuesday, July 28th. Finally, Wall Street Zen upgraded shares of World Kinect from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 1st. One investment analyst has rated the stock with a Strong Buy rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $30.00.

Read Our Latest Stock Report on WKC

About World Kinect

(Free Report)

World Kinect Energy Services, Inc (NYSE: WKC) is a global energy services company specializing in fuel procurement, supply chain management and risk mitigation solutions. The company offers an integrated platform that facilitates the sourcing, trading and logistics of refined fuels, natural gas, liquefied natural gas (LNG) and renewable energy products. Its services are designed to help industrial, commercial and institutional clients optimize energy costs, comply with environmental regulations and manage price volatility.

In addition to traditional commodity trading and delivery, World Kinect provides a suite of value-added services that include carbon offset and decarbonization strategies, energy efficiency consulting and emissions reporting.