Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) Shares Acquired by Northern Trust Corp

Northern Trust Corp boosted its stake in Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC - Free Report) by 389.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 298,845 shares of the Wireless communications provider's stock after acquiring an additional 237,739 shares during the period. Northern Trust Corp's holdings in Turkcell Iletisim Hizmetleri A.S. were worth $1,945,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. American Century Companies Inc. boosted its position in Turkcell Iletisim Hizmetleri A.S. by 3.8% during the 4th quarter. American Century Companies Inc. now owns 790,236 shares of the Wireless communications provider's stock valued at $5,144,000 after buying an additional 29,286 shares during the period. Arrowstreet Capital Limited Partnership increased its stake in shares of Turkcell Iletisim Hizmetleri A.S. by 25.5% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 691,251 shares of the Wireless communications provider's stock worth $4,500,000 after acquiring an additional 140,489 shares in the last quarter. Marshall Wace LLP increased its stake in Turkcell Iletisim Hizmetleri A.S. by 136.2% during the 4th quarter. Marshall Wace LLP now owns 515,974 shares of the Wireless communications provider's stock valued at $3,359,000 after purchasing an additional 297,554 shares in the last quarter. Hsbc Holdings PLC increased its stake in Turkcell Iletisim Hizmetleri A.S. by 7.1% during the 4th quarter. Hsbc Holdings PLC now owns 461,819 shares of the Wireless communications provider's stock valued at $3,008,000 after purchasing an additional 30,545 shares in the last quarter. Finally, BTC Capital Management Inc. grew its stake in shares of Turkcell Iletisim Hizmetleri A.S. by 2.7% in the fourth quarter. BTC Capital Management Inc. now owns 201,373 shares of the Wireless communications provider's stock worth $1,308,000 after acquiring an additional 5,383 shares during the period.

Turkcell Iletisim Hizmetleri A.S. Price Performance

TKC traded down $0.09 during trading hours on Friday, hitting $6.06. The company's stock had a trading volume of 1,359,205 shares, compared to its average volume of 642,200. The company has a current ratio of 1.82, a quick ratio of 1.81 and a debt-to-equity ratio of 0.41. Turkcell Iletisim Hizmetleri A.S. has a 12 month low of $5.66 and a 12 month high of $8.47. The stock has a market cap of $5.33 billion, a price-to-earnings ratio of 4.12 and a beta of 0.91. The business's 50-day moving average price is $6.10 and its 200-day moving average price is $6.65.

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

Turkcell Iletisim Hizmetleri A.S. Dividend Announcement

The business also recently disclosed a -- dividend, which will be paid on Wednesday, January 7th. Shareholders of record on Monday, December 29th will be given a $0.0866 dividend. The ex-dividend date is Monday, December 29th. This represents a yield of 2.9%. Turkcell Iletisim Hizmetleri A.S.'s dividend payout ratio is presently 11.56%.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised shares of 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.