Investing in businesses such as Walmart, Costco, and other retail and grocery stores have proved successful for many people due to the high sales numbers of those businesses.
If you’re interested in investing in a similar company, perhaps you’re wondering if Safeway sells its stock on the stock market. If so, continue reading through this article to see what I learned about Safeways stock holdings!
Can You Buy Safeway Stock?
In 2015, Safeway discontinued its public trading on the New York Stock Exchange. Since then, it has remained a private company regarding trading stock and making investments through Safeway directly. However, Albertsons Companies, Safeway’s parent company, still publicly trades on the New York Stock Exchange.
If you’d like to learn more about who owns Safeway stock, how you can invest in Albertsons stock, what stock is similar to Safeway, and more, keep reading!
Who Owns Safeway Stock?
Now that Safeway is owned by Albertsons Companies/ Sobeys, they own all of Safeway’s stock and investments.
Because Safeway doesn’t trade on the stock exchange anymore, individuals can only invest in the company through private dealings with Albertsons.
There is also the possibility that employees and store managers at Safeway can invest stock into the company shortly after they are employed.
However, there is currently no concrete information to confirm whether or not Safeway employees are given this option.
Can You Buy Albertsons Stock?
Even though Safeway no longer trades on the New York Stock Exchange, its parent company, Albertsons, does.
Albertsons Companies only recently returned to public trading, but customers can purchase stock in the company nonetheless.
To purchase stock in Albertsons Companies, potential investors must do the following:
- First, investors must choose a trading table platform. Companies such as Wealthsimple Trade and Interactive Brokers are a good choice, as they are set up to be user-friendly.
- After choosing a platform, investors must create an account on the trading platform. In order to create an account, investors must type in their ID, bank details, and national insurance number.
- Once the account is created, investors must confirm their payment source with a bank transfer or a debit/ credit card.
- Once the account is active, investors can search for Albertsons stock by typing in the stock code. Albertsons code is ACI.
- After searching for the company code, investors can scroll through the various available stocks. Once selecting the stock of their choice, they can purchase it.
Can You Buy Albertsons Stock in Canada?
Albertsons Companies stock is available for purchase through several different Canadian stock trading platforms.
Banks such as CIBC and Scotiabank have investing platforms set up through their companies that are designed to be user-friendly for beginners.
Scotia iTrade has a practice account for individuals who are new to stock trades, which is recommended for those who only have basic knowledge of investing on the stock exchange.
It should be noted that while Albertsons Companies stock is available in Canada, investors will have to pay for their stock in US dollars.
What Stock is Similar to Safeway?
While Safeway customers can only trade through Albertsons Companies, many other grocery stores like Safeway currently trade on the stock exchange.
However, investors should bear in mind that the below companies’ stock holdings may change at a later date. These companies are as follows:
Kroger is a grocery store well known for its selection of fresh foods and is currently the largest grocery store chain in North America. They publicly trade under the ticker symbol KR.
Whole Foods/ Amazon
Whole Foods is a grocery chain owned by Amazon that specializes in organic foods and store-brand products.
While Whole Foods no longer trades publicly on the stock exchange, investors may purchase Whole Foods stock through Amazon, their parent company.
Amazon also has its own grocery store, Amazon Fresh, where investors can purchase stock in through Amazon.
Walmart is a multi-department retailer with stores across the United States and Canada.
Investors can purchase stocks through their company by searching WMT into the ticket price search on their chosen platform.
Unfortunately, Safeway no longer trades publicly on the New York Stock Exchange.
However, their parent company, Albertsons Companies, trades on the stock market, and investors can therefore purchase Safeway stock indirectly through them.
In addition to Safeway, other grocery stores such as Walmart, Krogers, and Whole Foods/Amazon currently trade on the stock exchange.