Hsbc Holdings PLC Buys 30,545 Shares of Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC)

Hsbc Holdings PLC increased its stake in Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) by 7.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 461,819 shares of the Wireless communications provider’s stock after acquiring an additional 30,545 shares during the quarter. Hsbc Holdings PLC owned about 0.05% of Turkcell Iletisim Hizmetleri A.S. worth $3,008,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in TKC. SBI Securities Co. Ltd. acquired a new position in shares of Turkcell Iletisim Hizmetleri A.S. in the 4th quarter worth approximately $29,000. JPMorgan Chase & Co. raised its stake in Turkcell Iletisim Hizmetleri A.S. by 70.7% during the third quarter. JPMorgan Chase & Co. now owns 6,411 shares of the Wireless communications provider’s stock worth $44,000 after buying an additional 2,656 shares during the last quarter. GeoWealth Management LLC lifted its holdings in 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 valued at $62,000 after buying an additional 6,017 shares during the period. Franklin Resources Inc. bought a new stake in Turkcell Iletisim Hizmetleri A.S. during the fourth quarter valued at $70,000. Finally, SVB Wealth LLC bought a new stake in Turkcell Iletisim Hizmetleri A.S. during the fourth quarter valued at $82,000.

Turkcell Iletisim Hizmetleri A.S. Stock Performance

TKC stock opened at $6.01 on Wednesday. The firm has a market cap of $5.29 billion, a PE ratio of 4.09 and a beta of 0.86. 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 stock has a 50-day moving average price of $6.50 and a 200-day moving average price of $6.68. Turkcell Iletisim Hizmetleri A.S. has a 1-year low of $5.74 and a 1-year high of $8.47.

Turkcell Iletisim Hizmetleri A.S. Dividend Announcement

The firm also recently announced a — dividend, which will be paid on Wednesday, January 7th. Shareholders of record on Monday, December 29th will be issued a $0.0866 dividend. The ex-dividend date of this dividend is Monday, December 29th. This represents a yield of 2.9%. Turkcell Iletisim Hizmetleri A.S.’s payout ratio is currently 11.56%.

Turkcell Iletisim Hizmetleri A.S. Company Profile

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.