Walton family sells $1.5 billion of stock in recent transaction

by Kim Souza (ksouza@talkbusiness.net)

The Walton family continues to sell Walmart stock to keep its holding below 50% of the total stock. Last week ahead of the 3:1 stock split, Walton Family Holdings Trust sold roughly 8.82 million shares.

Transaction information was from filings with the U.S. Securities and Exchange Commission on behalf of Rob, Alice and Jim Walton. The transactions were valued at $1.5 billion and represent a fraction of the Trust’s share value in excess of $177.588 billion following the recent activity. In the past three months, the Walton Family Trust has sold nearly $2.3 billion of its stock holdings as Walmart’s share price rose more than 12% this year.

The sale transactions are in line with the Walton family’s 2016 pledge to keep its holdings slightly below 50% of the company’s outstanding shares. The family’s holdings are roughly 45% of the total company shares.

Walton family sells $1.5 billion of stock in recent transaction