Walton Family Office Moved $48 Billion of Walmart Shares to Family Trust
Posted on 05/17/2020
According to regulatory filings in March 2020, Walton Enterprises LLC transferred 415 million shares, or roughly 15% of Walmart’s outstanding shares, to the Walton Family Holdings Trust. The value was estimated at US$ 48 billion. The migrated shares represented about 29% of the shares held by Walton Enterprises. Post-transaction, Walton Enterprises now owns about 1,000,891,131 shares of Walmart.
Walton Enterprises is the Walton family’s main investment entity. In March 2020, Walton Family Holdings Trust disclosed it has no set timetable for the sale of Walmart shares from the trust. However, the Walton Family Holdings Trust had sold off 98% of the 194,000,000 shares that were distributed to it in April 8, 2015.
Walton Enterprises – Walmart Shares Held
Shares Held Before / After Transfer
March 6, 2020: 1,415,891,131 shares held / 1,000,891,131 shares after
April 8, 2015: 1,609,891,131 shares held / 1,415,891,131 shares after
December 8 2011: 1,680,506,739 shares held / 1,609,891,131 shares after
March 6, 2020 Press Release
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March 6, 2020
Consistent with the Walton family’s effort to maintain an appropriate balance of family and non-family ownership of Walmart by offsetting possible increases in its ownership percentage over time and helping fund charitable contributions, Walton Enterprises, LLC has transferred approximately 14 percent of Walmart’s outstanding shares to the Walton Family Holdings Trust, an entity previously established in April of 2015 for this purpose.
No change in the total ownership of Walmart by the Walton Family occurred at the time of the transfer. There is no set timetable for the sale of shares from the trust.
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Keywords: Wal-Mart Stores, Walton Enterprises, LLC, Walmart Inc.
