Bloomberg Law
June 14, 2021, 9:50 PM

World’s Richest Family Sells $2 Billion of Walmart Stock in 2021

Devon Pendleton
Devon Pendleton
Bloomberg News

Members of the Walton family have sold 16.7 million shares of Walmart Inc. this year as they try to keep their stake in the world’s biggest retailer from ballooning amid the company’s stock buybacks.

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 notifications were filed on behalf of second-generation family members Alice, Rob and Jim Walton.

Alice Walton, from left, Jim Walton, and Rob Walton.

The family owns about half of the retailer’s outstanding shares through the trust and their main investment ...