Gabelli Funds LLC Has $2.64 Million Holdings in Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC)

Gabelli Funds LLC lowered its stake in shares of Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) by 5.1% during the fourth quarter, Holdings Channel reports. The fund owned 406,000 shares of the Wireless communications provider’s stock after selling 22,000 shares during the period. Gabelli Funds LLC’s holdings in Turkcell Iletisim Hizmetleri A.S. were worth $2,643,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. SBI Securities Co. Ltd. acquired a new position in Turkcell Iletisim Hizmetleri A.S. in the fourth quarter valued at approximately $29,000. Public Employees Retirement System of Ohio bought a new position in shares of Turkcell Iletisim Hizmetleri A.S. in the 3rd quarter worth $35,000. JPMorgan Chase & Co. grew its stake in shares of 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 purchasing an additional 2,656 shares during the period. Franklin Resources Inc. bought a new stake in Turkcell Iletisim Hizmetleri A.S. in the fourth quarter valued at about $70,000. Finally, SVB Wealth LLC bought a new position in Turkcell Iletisim Hizmetleri A.S. during the fourth quarter worth about $82,000.

Turkcell Iletisim Hizmetleri A.S. Price Performance

Turkcell Iletisim Hizmetleri A.S. stock opened at $6.01 on Friday. The business has a 50-day moving average of $6.68 and a 200-day moving average of $6.68. Turkcell Iletisim Hizmetleri A.S. has a 1 year low of $5.65 and a 1 year high of $8.47. The firm has a market capitalization of $5.28 billion, a P/E 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.

Turkcell Iletisim Hizmetleri A.S. Dividend Announcement

The company 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 dividend payout ratio (DPR) is presently 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.