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Jim C Walton, a member of the Walton family who founded Walmart (NYSE:WMT), just proposed to sell his Walmart's shares worth $1,120,800,000 on December 20, 2024.
From the current market price of Walmart at $89.36, Jim should dispose about 12,545,000 shares to reach $1,120,800,000.
Jim C. Walton is the youngest son of Walmart co-founder Sam Walton and Helen Walton. As per December 23, 2024, he is the 10% owner of Walmart Inc and own about 3,638,184,467 shares of Walmart stock worth over $325.6 billion making him the 15th-richest person in the world, with a net worth of approximately $92.5 billion.
The holding summary section from the most recent report shows that within the last five years, he executed 82 trades in Walmart all of which are sells and no buys.
Transaction Summary of Jim C Walton
In his recent trading, he sold 2,163,616 shares of Walmart Inc at September 19, 2024, which is approximately $171 Million. And his last significant sell was in February 2023 that he sold his Walmart shares and received $1.54 billion.
This article first appeared on GuruFocus.