Cerity Partners LLC Increases Stock Holdings in Turkcell Iletisim Hizmetleri AS (NYSE:TKC)

Cerity Partners LLC raised its position in Turkcell Iletisim Hizmetleri AS (NYSE:TKC - Free Report) by 47.6% during the first quarter, according to its most recent filing with the SEC. The firm owned 198,885 shares of the Wireless communications provider's stock after purchasing an additional 64,109 shares during the period. Cerity Partners LLC's holdings in Turkcell Iletisim Hizmetleri AS were worth $1,237,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of TKC. Aquatic Capital Management LLC lifted its position in shares of Turkcell Iletisim Hizmetleri AS by 89.4% during the 4th quarter. Aquatic Capital Management LLC now owns 4,545 shares of the Wireless communications provider's stock valued at $30,000 after acquiring an additional 2,145 shares during the period. GeoWealth Management LLC lifted its position in shares of Turkcell Iletisim Hizmetleri AS by 167.9% during the 4th quarter. GeoWealth Management LLC now owns 9,600 shares of the Wireless communications provider's stock valued at $62,000 after acquiring an additional 6,017 shares during the period. Franklin Resources Inc. acquired a new position in shares of Turkcell Iletisim Hizmetleri AS during the 4th quarter valued at $70,000. Hennion & Walsh Asset Management Inc. lifted its position in shares of Turkcell Iletisim Hizmetleri AS by 17.1% during the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 12,417 shares of the Wireless communications provider's stock valued at $77,000 after acquiring an additional 1,816 shares during the period. Finally, XTX Topco Ltd bought a new stake in Turkcell Iletisim Hizmetleri AS during the 4th quarter valued at $91,000.

Turkcell Iletisim Hizmetleri AS Stock Down 1.3%

TKC stock traded down $0.08 during midday trading on Friday, reaching $5.68. 866,112 shares of the company's stock traded hands, compared to its average volume of 840,105. The company has a market cap of $4.99 billion, a price-to-earnings ratio of 3.86 and a beta of 0.88. The firm's fifty day moving average price is $6.03 and its 200-day moving average price is $6.45. The company has a quick ratio of 1.72, a current ratio of 1.73 and a debt-to-equity ratio of 0.45. Turkcell Iletisim Hizmetleri AS has a 52 week low of $5.54 and a 52 week high of $8.03.

Turkcell Iletisim Hizmetleri AS (NYSE:TKC - Get Free Report) last announced its quarterly earnings results on Friday, May 9th. The Wireless communications provider reported $0.09 EPS for the quarter. Turkcell Iletisim Hizmetleri AS had a net margin of 13.52% and a return on equity of 6.56%. The business had revenue of $1.19 billion during the quarter. As a group, sell-side analysts forecast that Turkcell Iletisim Hizmetleri AS will post 0.26 earnings per share for the current fiscal year.

Turkcell Iletisim Hizmetleri AS Announces Dividend

The business also recently declared a dividend, which was paid on Tuesday, July 1st. Investors of record on Tuesday, June 24th were issued a $0.0866 dividend. This represents a dividend yield of 4.02%. The ex-dividend date of this dividend was Monday, June 23rd. Turkcell Iletisim Hizmetleri AS's dividend payout ratio (DPR) is currently 10.88%.

Wall Street Analyst Weigh In

Separately, Wall Street Zen lowered shares of Turkcell Iletisim Hizmetleri AS from a "strong-buy" rating to a "buy" rating in a research note on Friday, July 18th.

About Turkcell Iletisim Hizmetleri AS

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.