Ivo Fysic- Ostensibly, the Walton family just sold a massive amount of Walmart stock to keep the balance of family ownership to public ownership intact. The payoff for making such a magnanimous move in this instant is over $2.1 billion. That’s a lot of special projects, non-profits, etc this family is sure to continue to support in their effort to assure they keep what they have and you lose what you have.
But is this massive sell-off more than just an administrative move that could fund some small countries for a year? We certainly wouldn’t want to speculate based on this news alone, but this is one of those ‘put a pin in it and circle back if you see a pattern” moments.
The Walton family, in a bid to assure that the family doesn’t own too high a percentage of Walmart, sold 16.7 million shares of their family stock, Walmart. The move netted the wealthiest family in the world an addition $2.1 billion hard cash in the asset ledger. The sale happened over the course of the past year and appears, potentially, to be halted, though no confirmation was ever issued by the family themselves.
In April of 2015, the family received 194 million shares of Walmart stock, which are now nearly depleted, with over 98% having been sold since the family acquired the stocks.
The Walton family Just Sold Billions Worth Of Walmart Stock – $2.1 billion
From ceoworld.biz
2021-06-14 07:00:00
Excerpt:
To maintain an appropriate of family and non-family ownership in the retailing giant Walmart, the Walton family have sold 16.7 million shares of Walmart Inc. (NYSE:WMT) this year. The Walton family is the wealthiest family in the world.
The family owns about half of the world’s largest retailer’s outstanding shares through the Walton Family Holdings Trust and Walton Enterprises LLC, an investment vehicle controlled by several members of the Walmart family. Walton Enterprises, LLC is located in Bentonville, AR, United States.
The Walton Family Holdings Trust sold $430 million worth over the past week, taking their total sales to almost $2.1 billion since Jan. 1, according to Securities and Exchange Commission filings. The Walton Family Holdings Trust has been their main vehicle for share sales in past years. Walton Family Holdings Trust sold at least 98% of the 194 million shares it received in April 2015 — and moved 415 million more last year.
