World Asset Management Inc decreased its stake in Turkcell Iletisim Hizmetleri AS (NYSE:TKC) by 5.5% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 51,828 shares of the Wireless communications provider’s stock after selling 3,005 shares during the period. World Asset Management Inc’s holdings in Turkcell Iletisim Hizmetleri AS were worth $425,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Parametric Portfolio Associates LLC boosted its stake in Turkcell Iletisim Hizmetleri AS by 11.1% in the first quarter. Parametric Portfolio Associates LLC now owns 631,697 shares of the Wireless communications provider’s stock valued at $5,230,000 after buying an additional 62,959 shares during the period. Ameriprise Financial Inc. boosted its stake in Turkcell Iletisim Hizmetleri AS by 41.2% in the first quarter. Ameriprise Financial Inc. now owns 14,163 shares of the Wireless communications provider’s stock valued at $117,000 after buying an additional 4,136 shares during the period. Karp Capital Management Corp purchased a new stake in Turkcell Iletisim Hizmetleri AS during the first quarter valued at $2,629,000. Gabelli Funds LLC boosted its stake in Turkcell Iletisim Hizmetleri AS by 1.0% in the first quarter. Gabelli Funds LLC now owns 637,000 shares of the Wireless communications provider’s stock valued at $5,274,000 after buying an additional 6,000 shares during the period. Finally, Comerica Bank boosted its stake in Turkcell Iletisim Hizmetleri AS by 2.0% in the first quarter. Comerica Bank now owns 52,412 shares of the Wireless communications provider’s stock valued at $458,000 after buying an additional 1,033 shares during the period. Institutional investors own 5.70% of the company’s stock.

Shares of Turkcell Iletisim Hizmetleri AS (TKC) opened at 9.10 on Friday. The stock’s 50 day moving average is $8.62 and its 200 day moving average is $8.30. Turkcell Iletisim Hizmetleri AS has a 52-week low of $6.35 and a 52-week high of $9.48. The firm’s market capitalization is $8.01 billion.

Turkcell Iletisim Hizmetleri AS (NYSE:TKC) last issued its quarterly earnings data on Thursday, July 27th. The Wireless communications provider reported $0.23 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.18 by $0.05. Turkcell Iletisim Hizmetleri AS had a net margin of 12.16% and a return on equity of 17.65%. The business had revenue of $1.22 billion during the quarter. On average, equities research analysts forecast that Turkcell Iletisim Hizmetleri AS will post $0.66 EPS for the current year.

The business also recently disclosed a special dividend, which will be paid on Monday, September 25th. Shareholders of record on Monday, September 18th will be issued a $0.3213 dividend. The ex-dividend date is Friday, September 15th. Turkcell Iletisim Hizmetleri AS’s dividend payout ratio (DPR) is presently 45.45%.

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Several equities research analysts have recently weighed in on the stock. BidaskClub upgraded shares of Turkcell Iletisim Hizmetleri AS from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, August 1st. Zacks Investment Research cut shares of Turkcell Iletisim Hizmetleri AS from a “hold” rating to a “sell” rating in a research report on Wednesday, May 3rd. Citigroup Inc. upgraded shares of Turkcell Iletisim Hizmetleri AS from a “neutral” rating to a “buy” rating in a research report on Tuesday, July 25th. ValuEngine cut shares of Turkcell Iletisim Hizmetleri AS from a “buy” rating to a “hold” rating in a research report on Thursday, June 8th. Finally, VTB Capital upgraded shares of Turkcell Iletisim Hizmetleri AS from a “hold” rating to a “buy” rating in a research report on Monday, May 15th. Four equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $9.50.

About Turkcell Iletisim Hizmetleri AS

Turkcell Iletisim Hizmetleri AS is engaged in establishing and operating a Global System for Mobile Communications (GSM) network in Turkey and regional states. The Company’s segments include Turkcell Turkey, which includes the operations of Turkcell Superonline, Turkcell Satis ve Dagitim Hizmetleri A.S., group call center operations of Global Bilgi Pazarlama Danisma ve Cagri Servisi Hizmetleri A.S., Turktell Bilisim Servisleri A.S., Kule Hizmet ve Isletmecilik A.S., Turkcell Odeme Hizmetleri A.S.

Institutional Ownership by Quarter for Turkcell Iletisim Hizmetleri AS (NYSE:TKC)

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