Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) Stock Holdings Reduced by O Shaughnessy Asset Management LLC

O Shaughnessy Asset Management LLC lowered its position in Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) by 14.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,340,265 shares of the Wireless communications provider’s stock after selling 230,857 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in Turkcell Iletisim Hizmetleri A.S. were worth $6,956,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. BNP Paribas Financial Markets grew its stake in Turkcell Iletisim Hizmetleri A.S. by 41.4% in the first quarter. BNP Paribas Financial Markets now owns 385,600 shares of the Wireless communications provider’s stock valued at $2,001,000 after purchasing an additional 112,852 shares in the last quarter. BTC Capital Management Inc. purchased a new position in Turkcell Iletisim Hizmetleri A.S. in the first quarter valued at about $1,073,000. StoneX Group Inc. acquired a new stake in shares of Turkcell Iletisim Hizmetleri A.S. in the first quarter worth about $996,000. Capital Wealth Planning LLC bought a new stake in shares of Turkcell Iletisim Hizmetleri A.S. during the 1st quarter worth about $880,000. Finally, Cerity Partners LLC boosted its stake in shares of Turkcell Iletisim Hizmetleri A.S. by 3.7% during the 4th quarter. Cerity Partners LLC now owns 100,373 shares of the Wireless communications provider’s stock worth $483,000 after acquiring an additional 3,557 shares in the last quarter.

Turkcell Iletisim Hizmetleri A.S. Stock Performance

NYSE:TKC traded down $0.13 during mid-day trading on Wednesday, hitting $7.91. 2,076,464 shares of the company’s stock traded hands, compared to its average volume of 426,898. The firm has a 50 day moving average of $7.52 and a two-hundred day moving average of $6.20. Turkcell Iletisim Hizmetleri A.S. has a 12 month low of $4.06 and a 12 month high of $8.47. The firm has a market capitalization of $6.96 billion, a price-to-earnings ratio of 8.90 and a beta of 0.85. The company has a current ratio of 1.78, a quick ratio of 1.77 and a debt-to-equity ratio of 0.45.

Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) last announced its earnings results on Monday, May 27th. The Wireless communications provider reported $0.10 earnings per share for the quarter. Turkcell Iletisim Hizmetleri A.S. had a return on equity of 11.51% and a net margin of 10.07%. The firm had revenue of $996.26 million during the quarter. On average, equities analysts forecast that Turkcell Iletisim Hizmetleri A.S. will post 0.52 earnings per share for the current fiscal year.

Turkcell Iletisim Hizmetleri A.S. Increases Dividend

The firm also recently announced an annual dividend, which will be paid on Monday, December 16th. Investors of record on Friday, December 6th will be paid a dividend of $0.169 per share. This is an increase from Turkcell Iletisim Hizmetleri A.S.’s previous annual dividend of $0.10. The ex-dividend date of this dividend is Friday, December 6th. This represents a yield of 2.38%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded Turkcell Iletisim Hizmetleri A.S. from a “hold” rating to a “buy” rating in a research note on Thursday, July 18th.

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.