Quick access to main page (top) Direct access to main contents Quick access to main page (bottom)

Walton Family Sells $1.5 Billion in Walmart Stock Amid Record Highs

alphabiz Views  

Sam Walton, the largest shareholder of Walmart, has sold his shares as they rose.

Bloomberg reported on the 26th that the Walton family had sold approximately $1.5 billion worth of Walmart shares as the company’s stock approached a record high last week.

According to a report from the U.S. Securities and Exchange Commission (SEC), the Walton Family Trust sold about 8.82 million shares of Walmart from February 21 to 23, with notifications submitted on behalf of Alice, Jim, and Rob Walton.

A Walmart spokesperson stated that the Walton family is expected to occasionally sell stocks to offset the increase in ownership stake due to the company’s share buyback program and to support charitable activities.

According to Bloomberg data, the Walton family holds about 45% of Walmart’s unissued shares through the trust and their main investment method, Walton Enterprises. The total wealth of Alice, Jim, and Rob Walton is $274 billion.

This transaction occurred amidst a wave of stock trading that has recently attracted attention.

Jamie Dimon, the CEO of JPMorgan Chase, and his family sold $150 million in bank stocks for the first time in 18 years. Jeff Bezos also recently sold 500,000 shares of Amazon through multiple transactions.

Walmart’s fiscal year forecast also exceeded some analysts’ estimates.

Walmart’s stock price has increased by 13% this year and closed at a record high after rising 1.8% the previous day.

alphabiz
content@www.kangnamtimes.com

Comments0

300

Comments0

[BUSINESS] Latest Stories

  • Trump vs. Harris: Which U.S. Election Outcome Will Boost Stocks the Most?
  • THIS is the Country Jensen Huang Thinks Will Lead the AI Revolution
  • Volkswagen Shutting Down German Plant for the First Time Ever—Big Layoffs Expected
  • Google's Tax Tricks: How They Pay Pennies on Billions in Korean Revenue
  • Here’s What It Said on North Korea’s Propaganda Leaflets that Dropped Near Presidential Office
  • Why Samsung’s Founder Said 'Burn Them All' to His Own Phones

Weekly Best Articles

  • Trump vs. Harris: Which U.S. Election Outcome Will Boost Stocks the Most?
  • Kim Sejeong on Kiss Scene Prep: ‘It’s Like Laying the Foundation for a Building!’
  • Kim Tae Ri’s Character Faces Devastating Setback in ‘Jeongnyeon: The Star is Born’
  • Lee Seung Gi Goes Bald! Shocking Change for His Role in ‘About Family’
  • Man Who Sponsored $1.2M to Streamer Juice Se Yeon Says She Blocked Him After Scandals
  • BTS Music Video Star and Tattoo Model Kim Woo Young Remembered 6 Years Later
  • Outback’s Last Ride: Subaru Launches 30th Anniversary Edition with Exclusive Features
  • Chrysler’s 2025 SUV: A Glimpse into the Future of Electric Vehicles
  • Fiat’s ‘Ugliest Car’ Makes a Comeback with Hyundai’s Pixel Design Twist
  • THIS is the Country Jensen Huang Thinks Will Lead the AI Revolution
  • Volkswagen Shutting Down German Plant for the First Time Ever—Big Layoffs Expected
  • Kim Nam Gil Spills Secrets About The Fiery Priest 2—Why Fans Should Be Excited

You May Also Like

  • 1
    G-Dragon’s Secret Addiction? The K-pop Star Can’t Stop Watching Dating Shows

    ENTERTAINMENT 

  • 2
    Chef Triple Star Shows Up at Event Despite Explosive Cheating and Embezzlement Claims

    ENTERTAINMENT 

  • 3
    Jaehyun Joins the Military—Here’s What Happens to His Career While He’s Away

    ENTERTAINMENT 

  • 4
    BMW M3 to Feature 600 HP Mild Hybrid Powertrain—No Plug-in Hybrid Here!

    TECH 

  • 5
    Subaru BRZ Purple Edition: Only 500 Units Available in North America for $35,445

    TECH 

Popular Now

  • 1
    Brazil’s Beloved Nivus Gets a Facelift: New GTS Model Starts at $24,480

    TECH 

  • 2
    Tesla’s Roadster Returns: 621 Miles on One Charge and Insane Speed

    TECH 

  • 3
    Is Hydrogen the New Frontier? Alpine's HY6 Sports Car Shakes Up EV Market

    TECH 

  • 4
    Convertible Meets Pickup: Daihatsu’s Basket Concept Still Stuns with Innovative Design

    TECH 

  • 5
    Audi's Q6 Sportback e-tron and SQ6 to Hit US in 2025 with 408-Mile Range

    TECH 

Weekly Best Articles

  • Trump vs. Harris: Which U.S. Election Outcome Will Boost Stocks the Most?
  • Kim Sejeong on Kiss Scene Prep: ‘It’s Like Laying the Foundation for a Building!’
  • Kim Tae Ri’s Character Faces Devastating Setback in ‘Jeongnyeon: The Star is Born’
  • Lee Seung Gi Goes Bald! Shocking Change for His Role in ‘About Family’
  • Man Who Sponsored $1.2M to Streamer Juice Se Yeon Says She Blocked Him After Scandals
  • BTS Music Video Star and Tattoo Model Kim Woo Young Remembered 6 Years Later
  • Outback’s Last Ride: Subaru Launches 30th Anniversary Edition with Exclusive Features
  • Chrysler’s 2025 SUV: A Glimpse into the Future of Electric Vehicles
  • Fiat’s ‘Ugliest Car’ Makes a Comeback with Hyundai’s Pixel Design Twist
  • THIS is the Country Jensen Huang Thinks Will Lead the AI Revolution
  • Volkswagen Shutting Down German Plant for the First Time Ever—Big Layoffs Expected
  • Kim Nam Gil Spills Secrets About The Fiery Priest 2—Why Fans Should Be Excited

Must-Reads

  • 1
    G-Dragon’s Secret Addiction? The K-pop Star Can’t Stop Watching Dating Shows

    ENTERTAINMENT 

  • 2
    Chef Triple Star Shows Up at Event Despite Explosive Cheating and Embezzlement Claims

    ENTERTAINMENT 

  • 3
    Jaehyun Joins the Military—Here’s What Happens to His Career While He’s Away

    ENTERTAINMENT 

  • 4
    BMW M3 to Feature 600 HP Mild Hybrid Powertrain—No Plug-in Hybrid Here!

    TECH 

  • 5
    Subaru BRZ Purple Edition: Only 500 Units Available in North America for $35,445

    TECH 

Popular Now

  • 1
    Brazil’s Beloved Nivus Gets a Facelift: New GTS Model Starts at $24,480

    TECH 

  • 2
    Tesla’s Roadster Returns: 621 Miles on One Charge and Insane Speed

    TECH 

  • 3
    Is Hydrogen the New Frontier? Alpine's HY6 Sports Car Shakes Up EV Market

    TECH 

  • 4
    Convertible Meets Pickup: Daihatsu’s Basket Concept Still Stuns with Innovative Design

    TECH 

  • 5
    Audi's Q6 Sportback e-tron and SQ6 to Hit US in 2025 with 408-Mile Range

    TECH 

Share it on...