Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) Shares Sold by Bank of America Corp DE

Bank of America Corp DE decreased its holdings in Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) by 22.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 96,978 shares of the Wireless communications provider’s stock after selling 28,030 shares during the quarter. Bank of America Corp DE’s holdings in Turkcell Iletisim Hizmetleri A.S. were worth $631,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of TKC. Dimensional Fund Advisors LP grew its holdings in shares of Turkcell Iletisim Hizmetleri A.S. by 12.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 33,150 shares of the Wireless communications provider’s stock valued at $216,000 after acquiring an additional 3,767 shares in the last quarter. QRG Capital Management Inc. grew its position in Turkcell Iletisim Hizmetleri A.S. by 24.7% during the fourth quarter. QRG Capital Management Inc. now owns 25,062 shares of the Wireless communications provider’s stock worth $163,000 after buying an additional 4,967 shares in the last quarter. Cerity Partners LLC boosted its stake in Turkcell Iletisim Hizmetleri A.S. by 55.3% during the fourth quarter. Cerity Partners LLC now owns 134,776 shares of the Wireless communications provider’s stock worth $884,000 after buying an additional 48,016 shares in the last quarter. Northern Trust Corp boosted its holdings in Turkcell Iletisim Hizmetleri A.S. by 389.1% during the fourth quarter. Northern Trust Corp now owns 298,845 shares of the Wireless communications provider’s stock valued at $1,945,000 after purchasing an additional 237,739 shares in the last quarter. Finally, US Bancorp DE boosted its position in Turkcell Iletisim Hizmetleri A.S. by 6.8% in the fourth quarter. US Bancorp DE now owns 36,111 shares of the Wireless communications provider’s stock valued at $235,000 after buying an additional 2,297 shares in the last quarter.

Turkcell Iletisim Hizmetleri A.S. Trading Up 0.7%

NYSE TKC opened at $6.44 on Tuesday. The stock’s 50-day moving average is $6.10 and its 200-day moving average is $6.62. Turkcell Iletisim Hizmetleri A.S. has a one year low of $5.66 and a one year high of $8.47. The firm has a market cap of $5.66 billion, a P/E ratio of 4.38 and a beta of 0.90. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.82 and a quick ratio of 1.81.

Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) last released its quarterly earnings data on Friday, May 9th. The Wireless communications provider reported $0.09 EPS for the quarter. Turkcell Iletisim Hizmetleri A.S. had a net margin of 12.82% and a return on equity of 4.05%. The firm had revenue of $1.19 billion for the quarter. Sell-side analysts anticipate that Turkcell Iletisim Hizmetleri A.S. will post 0.26 earnings per share for the current fiscal year.

Turkcell Iletisim Hizmetleri A.S. Announces Dividend

The company also recently declared a — dividend, which will be paid on Wednesday, January 7th. Stockholders of record on Monday, December 29th will be issued a dividend of $0.0866 per share. This represents a dividend yield of 2.9%. The ex-dividend date is Monday, December 29th. Turkcell Iletisim Hizmetleri A.S.’s dividend payout ratio (DPR) is currently 11.56%.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen raised Turkcell Iletisim Hizmetleri A.S. from a “buy” rating to a “strong-buy” rating in a report on Tuesday, May 20th.

About Turkcell Iletisim Hizmetleri A.S.

Turkcell Iletisim Hizmetleri A.S. provides digital services in Turkey, Ukraine, Belarus, Turkish Republic of Northern Cyprus, and the Netherlands. It operates through Turkcell Turkey, Turkcell International, and Techfin segments. It offers work contact services, such as mobile communications, fixed business internet and business phone, and customer loyalty and programs; digital business services comprising uninterrupted access, cyber security, data center, Internet of Things, big data, e-transformation, technologies, and managed services, and cloud solutions.