Walton sells 2.16M WMT shares for $171.0M; remains 603.99M shareholder post-sale
Alice L. Walton, a 10% owner, executed 4 separate sales totaling 2,163,616 shares for $170,979,096.42 across two trading days (2024-09-17 and 2024-09-19) at a blended average price of $79.02. This transaction reduced her holdings by 0.4% (from 606.15M to 603.99M shares), a modest percentage reduction that leaves her with substantial ongoing exposure to Walmart. The timing coincided with WMT trading near its 52-week high ($80.60), with the current price at $78.04 down 3.2% from peak. Her cross-ticker sell history shows an average 90-day return of +16.6% after prior sales (indicating those sales were poorly timed as the stocks rose after), though her same-ticker history at WMT across 5 recent prior trades remains unmeasurable in outcome. The large dollar magnitude ($171.0M) and multi-transaction structure suggest deliberate execution rather than a single opportunistic trade.