How To Buy Publix Stock
Unlike many privately owned companies, Publix does offer stock shares on a private basis. However, these shares are available only to employees of the company, preventing the broader investing community from accessing them.
how to buy publix stock
Even on a private basis, shares of the company have performed quite well in recent years, climbing from a bit over $20 per share in 2012 to more than $40 per share by 2018. The company has also undergone a series of stock splits over the years to increase its stock pool.
Nothing can guarantee that your stock portfolio thrives. Adding grocery stocks to your investment plan, however, makes it possible for you to protect some of the wealth that you have already acquired.
Employees and others can buy and sell Publix stock at $63.10 a share in private transactions. The share price rose from $61.30 a share. Publix shares offered $1.33 in earnings per share (EPS) on August 1, 2021. The EPS fell from $1.39 in 2020.
There are many Publix stockholders because Publix claims to be the largest employee-owned company in the United States. Employee-owned companies are rare in the United States. Most US companies are privately held or publicly traded.
Ahold Delhaize operates the Giant, Giant Eagle, Food Lion, and Stop & Shop supermarket chains in the United States. Ahold Delhaize stock is cheap; shares traded on European markets at $33.23 on September 17, 2021.
Amazon is a serious player in the US grocery market, but it will take years or decades for it to build a footprint capable of competing with Publix, Kroger, Walmart, and Albertsons. Amazon (AMZN) could be a good long-term growth stock for those willing to pay its high share prices. AMZN shares were trading at $3,462.52 on September 17, 2021.
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There are four crucial times a year that you can choose to buy Publix stock. To purchase additional shares, all you need is one year of service prior to the start of the open season. However, depending on how many years of service you have, the amount of shares you can buy is limited.
As of March 1, 2023 Publix stock price is $14.55, while paying out a 9 cent per share dividend.Please click the link above to get current Publix stock price, information on Publix dividends, and the history of Publix stock
Remember how I said Publix is the one that sends the money to Voya? Because Publix stock may only be purchased during the four open seasons, Voya maintains your money in a money market account between buying periods and purchases stock on the first day of the next open season, on your behalf. Stock purchases will continue during each open period as long as you are employed.
One unusual thing about Publix is that although it's a private company, its employees have access to shares through an employee stock purchase plan. As such, Publix reveals decisions about when to do stock splits. Publix has indeed split its shares on several occasions in the past, and what it's said about its stock price gives a sense of how the company has grown over time. Let's look more closely at Publix Super Markets' stock split history and what it means for those who expect an IPO in the near future.
Publix Super Markets hasn't done a lot of stock splits, but when it does, it doesn't waste time with minor moves. Any longtime employees with half a century of experience under their belts would have seen every single share of Publix stock they owned at the end of 1968 turn into 1,000 shares today.
Employees and members of the board of directors are the only people eligible to purchase Publix shares currently, and even for them, access is controlled. Workers can become part of the employee stock purchase plan after being employed for a full year, and there are limits on the amount of stock that employees can purchase based on the length of tenure they have with the supermarket chain.
Moreover, the Publix stock that employees own is subject to substantial restrictions. The purchase must be a long-term investment, and if someone sells shares, there are new limitations put in place thereafter to prevent short-term trading.
With respect to stock splits, Publix doesn't look likely to give employees a new split in the near future. The stock has climbed from the low $20s in late 2012 to $41.40 per share at its latest valuation date, but before its 2006 split, Publix allowed the stock to climb above $85 per share. That leaves plenty of time before investors can expect another move from the company.
As for going public, there's been speculation for years that Publix might look to tap the capital markets. Yet nothing has ever come from those rumors. The surviving family members of deceased founder George Jenkins still have substantial stakes in the company, but a roughly 2% dividend yield offers plenty of income to help them sustain their finances. Only if the employees or the trustees of the company's 401(k) plan decided that a sale of stock was somehow in the best interest of participants would an IPO be likely to gain traction.
With strong competition in the grocery store industry, Publix Super Markets has done a good job of carving out a successful niche in the southeastern corner of the nation. Unless something dramatic happens, employees are the only ones who'll benefit from Publix's next stock split -- even if it happens years into the future.
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