First Trust Advisors LP Acquires 90,541 Shares of Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC)

First Trust Advisors LP boosted its position in shares of Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC - Free Report) by 137.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 156,577 shares of the Wireless communications provider's stock after acquiring an additional 90,541 shares during the period. First Trust Advisors LP's holdings in Turkcell Iletisim Hizmetleri A.S. were worth $1,019,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. SBI Securities Co. Ltd. bought a new position in Turkcell Iletisim Hizmetleri A.S. in the 4th quarter worth approximately $29,000. JPMorgan Chase & Co. grew its stake in shares of Turkcell Iletisim Hizmetleri A.S. by 70.7% in the third quarter. JPMorgan Chase & Co. now owns 6,411 shares of the Wireless communications provider's stock worth $44,000 after acquiring an additional 2,656 shares during the last quarter. GeoWealth Management LLC grew its stake in shares of Turkcell Iletisim Hizmetleri A.S. by 167.9% in the fourth quarter. GeoWealth Management LLC now owns 9,600 shares of the Wireless communications provider's stock worth $62,000 after acquiring an additional 6,017 shares during the last quarter. Franklin Resources Inc. bought a new position in Turkcell Iletisim Hizmetleri A.S. during the fourth quarter worth $70,000. Finally, SVB Wealth LLC acquired a new position in Turkcell Iletisim Hizmetleri A.S. during the 4th quarter valued at $82,000.

Turkcell Iletisim Hizmetleri A.S. Stock Performance

TKC stock traded up $0.10 during trading on Friday, reaching $6.04. 585,329 shares of the stock were exchanged, compared to its average volume of 614,564. Turkcell Iletisim Hizmetleri A.S. has a twelve month low of $5.66 and a twelve month high of $8.47. The company has a current ratio of 1.82, a quick ratio of 1.81 and a debt-to-equity ratio of 0.41. The company has a market capitalization of $5.32 billion, a P/E ratio of 4.11 and a beta of 0.91. The stock has a 50 day simple moving average of $6.30 and a 200-day simple moving average of $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 (EPS) for the quarter. Turkcell Iletisim Hizmetleri A.S. had a return on equity of 4.05% and a net margin of 12.82%. The business had revenue of $1.19 billion for the quarter. As a group, sell-side analysts anticipate that Turkcell Iletisim Hizmetleri A.S. will post 0.26 earnings per share for the current year.

Turkcell Iletisim Hizmetleri A.S. Dividend Announcement

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

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.