Walton Family Sells Walmart Shares, Maintains Control Despite Cashing Out Millions

Walmart Inc. (NYSE: WMT) controlling shareholder Walton Family Holding Trust sold approximately 1.77 million shares of Walmart common stock in open-market transactions on June 2, converting about $200 million (roughly ₩280 billion) to cash, while retaining a substantial stake of approximately 507.61 million shares.

On June 16, the Trust transferred a portion of its holdings to beneficiaries at no cost and sold an additional 4.43 million shares in the market—disposing of an amount estimated in the several-hundreds-of-millions-of-dollars range (around ₩700 billion). After that transaction, it reported retaining roughly 502.30 million shares.

On June 18, Nicholas C. James, Executive Vice President, executed a pre-arranged Rule 10b5-1 trading plan to sell 2,900 Walmart shares for about $340,000 (approximately ₩50 million). He continues to hold equity valued at about $68 million (around ₩9 billion).

In its first quarter of fiscal 2027, announced May 21, Walmart reported 7.3% revenue growth and 26% growth in global e-commerce sales, maintaining its guidance for the second quarter and full fiscal 2027.

On June 23, Walmart strengthened its mid- to long-term energy strategy by signing a 15-year nuclear power purchase agreement with Constellation Energy, enabling part of its facility power needs to shift to a lower-carbon energy source.

Headquartered in Arkansas, Walmart is the world’s largest retailer. For fiscal 2026, it generated approximately $713 billion in revenue (about ₩1,000 trillion) and employed around 2.1 million people globally.

The Walton Family Holding Trust, the investment vehicle through which the founding Walton family holds its core shares, remains Walmart’s largest long-term shareholder, retaining significant voting power and equity following these recent transactions.