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Bloomberg
The world’s wealthiest family moved $48 billion of Walmart Inc stock to a different holding company in an action that may signal future share sales and bolster their philanthropy.
Walton Enterprises LLC, the main investment entity of the retailer’s founding clan, transferred about 15% of Walmart’s outstanding shares to the Walton Family Holdings Trust, according to regulatory filings.
The shift of 415 million shares represented about 29% of the shares held by Walton Enterprise. This entity now owns about 1 billion shares.
The family owns about half of the retailer’s outstanding shares and last week’s transaction doesn’t change their overall stake.