Walton Family Reduces Stake by Over 1%: Executives Also Plan to Sell

Walmart Inc. (NYSE: WMT) disclosed in amended Schedule 13D filings submitted by Walton Enterprises and the Walton Family Holdings Trust that the entities hold approximately 44.21% and 6.53% of its common stock, respectively. The combined stake of these two parties has declined by more than one percentage point since the previous filing, owing to share allocations to beneficiaries and sales for investment, personal, and charitable purposes.

According to the company’s filing, on February 17, under a pre-established Rule 10b5-1 trading plan, Vice President Daniel J. Bartlett sold 1,255 Walmart shares at an average price of $133.21 per share, generating approximately $167,483 (about KRW 230 million) in cash. He continues to hold around 586,329 shares following the transaction.

In its fourth-quarter results for fiscal year 2026, released on February 19, Walmart reported revenue of roughly $190.7 billion and projected for fiscal 2027 revenue growth of 3.5%–4.5%, adjusted operating income growth of 6%–8%, and earnings per share of $2.75–$2.85.

Alongside these results, the company reiterated its strategy to pursue profit growth that outpaces revenue growth through investments in e-commerce, advertising, membership, and logistics automation.

As the largest general-merchandise retailer in the United States, Walmart—operating an omnichannel model that combines big-box discount stores with an online platform—is regarded as a key barometer of U.S. consumer spending and inflation trends.

In the U.S. retail industry, ongoing restructuring driven by high interest rates, polarized consumer spending, and the expansion of e-commerce has led to a market-share shift toward larger retailers with stronger pricing power and greater logistics-investment capacity.