Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) Stake Reduced by Parallel Advisors LLC

Parallel Advisors LLC trimmed its holdings in Turkcell Iletisim Hizmetleri A.S. (NYSE:TKCFree Report) by 46.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 9,145 shares of the Wireless communications provider’s stock after selling 7,963 shares during the quarter. Parallel Advisors LLC’s holdings in Turkcell Iletisim Hizmetleri A.S. were worth $44,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. GAMMA Investing LLC acquired a new stake in Turkcell Iletisim Hizmetleri A.S. during the fourth quarter valued at approximately $38,000. Blue Trust Inc. lifted its position in shares of Turkcell Iletisim Hizmetleri A.S. by 49.7% during the 4th quarter. Blue Trust Inc. now owns 8,302 shares of the Wireless communications provider’s stock valued at $39,000 after acquiring an additional 2,757 shares during the last quarter. Colonial River Wealth Management LLC lifted its position in shares of Turkcell Iletisim Hizmetleri A.S. by 21.1% during the 4th quarter. Colonial River Wealth Management LLC now owns 12,190 shares of the Wireless communications provider’s stock valued at $59,000 after acquiring an additional 2,125 shares during the last quarter. CWM LLC boosted its stake in shares of Turkcell Iletisim Hizmetleri A.S. by 17.1% during the 4th quarter. CWM LLC now owns 12,725 shares of the Wireless communications provider’s stock worth $61,000 after acquiring an additional 1,855 shares in the last quarter. Finally, EverSource Wealth Advisors LLC grew its holdings in shares of Turkcell Iletisim Hizmetleri A.S. by 9.3% in the 4th quarter. EverSource Wealth Advisors LLC now owns 21,347 shares of the Wireless communications provider’s stock worth $103,000 after acquiring an additional 1,820 shares during the last quarter.

Turkcell Iletisim Hizmetleri A.S. Stock Down 2.0 %

Shares of TKC opened at $7.44 on Friday. The company has a 50-day moving average of $6.33 and a two-hundred day moving average of $5.54. 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. has a one year low of $3.52 and a one year high of $8.02.

Turkcell Iletisim Hizmetleri A.S. Increases Dividend

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

Analysts Set New Price Targets

Separately, StockNews.com raised Turkcell Iletisim Hizmetleri A.S. from a “hold” rating to a “buy” rating in a report on Saturday, March 30th.

Get Our Latest Research Report on TKC

Turkcell Iletisim Hizmetleri A.S. Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC)

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