5 Best Affordable Dividend Stocks to Buy

1. Albertsons Companies, Inc. (NYSE:ACI)

Stock Price as of September 27: $24.66

Dividend Yield as of September 27: 1.95%

Number of Hedge Fund Holders: 37

Boise, Idaho-based Albertsons Companies, Inc. (NYSE:ACI) is one of the largest food and drug retailers in the United States with over 2,200 stores in 34 states across the country under well-known banners including Albertsons, Safeway, Vons, Jewel-Osco, Shaw’s, Acme, Haggen, and Carrs, among others.

As of September 27, Albertsons Companies, Inc. (NYSE:ACI) shares have lost 18.32% of their value year-to-date and trade at a forward P/E ratio of 8.41. Analysts have an average price target of $34.94 for its shares.

According to the Insider Monkey data on 895 leading hedge funds, 37 hedge funds were long Albertsons Companies, Inc. (NYSE:ACI) shares as of Q2 2022, with the total shares held by hedge funds valued at $4.7 billion. Cerberus Capital Management was the largest shareholder on record with ownership of 152 million shares valued at $3.9 billion.

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