Walton Family Sells $1.5 Billion of Walmart Stock After Jump (3)

Members of the Walton family sold roughly $1.5 billion worth of Walmart Inc. stock at the end of last week as shares hovered near a record high.

The Walton Family Holdings Trust sold about 8.82 million shares between Feb. 21 and Feb. 23, according to US Securities and Exchange Commission filings from late Friday. The notifications were filed on behalf of Alice, Jim and Rob Walton.

Walmart has climbed about 13% this year, outperforming the 3.2% advance in the S&P Retail Select Industry Index. The shares rose 1.8% on Monday to close at a fresh record high. ...