Walmart's Big Insider Trade! Founding Walton Family Sells $329M of WMT Stock
The Walton Family Holdings Trust, a majority shareholder (more than 10% owner) of the American big-box retailer Walmart (WMT), recently sold common stock valued at approximately $329.64 million. This transaction marks the sixth big Informative Sell transaction by the trust this year, implying a continued reduction in its ownership. The Walton Family Holdings Trust, owned by the Walton Family, is the largest shareholder of the retailer and also holds the most voting power.
Confident Investing Starts Here:
Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Walmart was founded roughly six decades ago by brothers Sam and Bud Walton from the Walton family. Today, the Walton family is recognized as one of the wealthiest in the world. The family's current heirs, Jim Walton, Alice Walton, and Rob Walton, also serve as co-trustees of the Walton Family Holdings Trust.
A corporate insider's share sale usually signals caution about the company's future potential. However, an insider might sell shares for other reasons, such as financial or personal obligations.
A Closer Look at the Insider's Transactions
As per Form 4 filed with the SEC on June 26, the Walton Family Holdings Trust sold 3,356,619 WMT stock between on June 24 and June 25. Shares were sold in three tranches at weighted average prices ranging between $98.1225 and $99.0311 apiece.
Following the latest share sale, the trust still owns 552,609,839 WMT common shares worth $53.06 billion, based on Thursday's closing stock price of $96.02. The exact intent of the trust's share sale remains unknown at the moment.
WMT stock currently has a Very Negative Insider Confidence Signal on TipRanks, based on Informative Sell transactions worth $1.6 billion, undertaken in the last three months.
It is important to keep an eye on the Informative trades of corporate insiders, given their knowledge of a company's growth potential. Interestingly, TipRanks offers daily insider transactions as well as a list of top corporate insiders. It also provides a list of hot stocks that boast either a Very Positive or Positive insider confidence signal.
Is Walmart a Long-Term Buy?
On TipRanks, WMT stock has a Strong Buy consensus rating based on 28 Buys and one Hold rating. Also, the average Walmart price target of $109.71 implies 14.3% upside potential from current levels. Year-to-date, WMT stock has gained 6.8%.
See more WMT analyst ratings
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
CTV News
2 hours ago
- CTV News
How businesses are impacted by the termination of trade talks
Watch Business analyst Marvin Ryder says PM Carney should continue to pursue communication with President Trump after trade talks break down.
Globe and Mail
2 hours ago
- Globe and Mail
Grownsy Unveils Exclusive PD Deal on 4 Must-Have Tools for the Modern Parent
Starting June 28, Grownsy is kicking off a limited-time PD deal on featuring the Parenting Innovation Kit, a set of four practical baby care tools designed to make feeding, cleaning, and everyday parenting simpler and less stressful. NEW YORK - Starting June 28, Grownsy is rolling out a limited-time PD promotion on that's worth a look. The spotlight? A bundle called the Parenting Innovation Kit. It brings together four of Grownsy's most-loved tools into one deal that's designed to make feeding, cleaning, and baby care easier, faster, and way less frustrating. For new parents, especially those figuring it out as they go, baby gear can feel like a black hole of conflicting advice and impulse buys. You start with a checklist and end up with a cabinet full of 'just in case' items. In fact, studies show that nearly one in three baby-related purchases end up as regrets. Grownsy wants to change that by focusing on what actually gets used. Instead of overloading you with options, this kit includes four products that solve everyday problems, nothing more, nothing less. It's smart parenting made simple. What's Included in the Kit Each product in the Parenting Innovation Kit is designed to make daily routines smoother, whether you're cleaning bottles, warming milk, or helping your baby breathe easier. Baby Bottle Washer: Cleaner, Sterilizer and Dryer If you've ever stood over the sink scrubbing bottles while your baby's crying in the background, this one's a total lifesaver. Grownsy's Bottle Washer uses high-powered spray jets and a heat-dry cycle to clean and sanitize bottles with the push of a button. It's quiet, compact, and built for hands-free parenting. Some parents even say, 'call me lazy,' but once you've used it, you'll wonder why you didn't get it sooner. 10-in-1 Fast Baby Bottle Warmer with Night Light This multitasking warmer handles more than just bottles. It also defrosts food, sterilizes small items, and heats evenly with zero hassle. It fits two bottles at once, has a clear digital display, and delivers consistent results. It's the kind of tool that turns everyday chaos into effortless parenting and is often described as worth every penny. Parent's Choice Bottle Warmer with Timer This newer model lifts the bottle when it's ready, so you're not stuck hovering and second-guessing the temperature. The built-in nightlight helps with overnight feeds, and one-touch controls keep things simple. It's a favorite among parents who want to feel like a parenting pro even when they're running on little sleep. Adjustable Suction Nasal Aspirator with 3 Soft Tips Designed to help manage nasal congestion in infants and young children, this aspirator features three adjustable suction levels and soft silicone tips for gentle use. It offers hospital-grade suction strength in a compact, rechargeable device that operates quietly—making it suitable for use even during nighttime care. The components are easy to clean, and the design aims to support both new and experienced caregivers in everyday routines. Why this Kit Makes Sense Instead of offering a random mix of discounted products, Grownsy kept things focused. Each item in the Parenting Innovation Kit was chosen because it solves a common parenting problem. These aren't gadgets that end up forgotten in a drawer. They're tools that fit into your daily routine without adding more noise or clutter. If you're building your baby registry, replacing older gear, or just trying to avoid buying the wrong thing again, this kit keeps things simple. You don't need ten products that kind of work, you need a few that work really well. It's also a relief for parents who are tired of trial and error. You don't have to read a dozen comparison posts or wonder which version is better. Grownsy already did the editing for you. Who It's Really For This kit is especially helpful for first-time parents, but experienced caregivers will appreciate it too. If you like smart design, simple interfaces, and tools that won't let you down at 2 a.m., you'll probably find something here that clicks. It's great for: Parents who want to avoid overbuying Families who value compact, multi-use gear Anyone who's short on time and wants to skip the learning curve People who care more about function than frills It's also the kind of bundle you might want to gift. If you know someone expecting their first baby, this is one of those 'I wish I had this' kits that make a real difference. Ready to Make Parenting Easier? The Parenting Innovation Kit lands June 28 on as part of Grownsy's limited-time PD promotion. It brings together four of the brand's top-rated tools in one straightforward bundle, so you can skip the search and get right to what works. No overthinking, no endless comparison—just well-made gear that fits into real daily routines. Grownsy has built its reputation on creating smart, reliable products that solve everyday parenting problems. From late-night feeds to stuffy noses to stacks of bottles that never seem to end, their tools are designed to help you move through it all with less stress and more confidence. This kit isn't about having more. It's about having better. And if you're ready to make life a little easier, this is the place to start. Learn more and explore the full lineup at Landing Page About Grownsy Grownsy is a trusted brand for modern families, offering practical, science-backed baby care tools that simplify everyday parenting. From feeding to cleaning to comfort, everything is designed to save time, reduce stress, and fit right into real family life. Trusted by parents around the world, Grownsy helps you feel more confident, more prepared, and more in control every step of the way. Media Contact Website: Facebook: Instagram: TikTok: Media Contact Company Name: Grownsy Contact Person: Awen Guo Email: Send Email Country: United States Website:
CTV News
2 hours ago
- CTV News
Rampant cybercriminal group targets Canada and U.S. airlines
A notorious cybercriminal group has shifted its attention to the aviation industry, successfully breaching the computer networks of multiple airlines in the United States and Canada this month, according to the FBI and private experts responding to the hacks. The hacking hasn't affected airline safety, but it has top cyber executives at major airlines across the United States on alert because of the hacking suspects: A network of young cybercriminals called 'Scattered Spider' who are known for their aggressive efforts to extort or embarrass their victims. It's a fresh headache for the travel industry as the busy summer travel season kicks into high gear. This is now the third major U.S. business sector in the last two months, after insurance and retail, to face a flurry of cyberattacks tied to the criminal group. The hackers target big companies and their IT contractors, 'which means anyone in the airline ecosystem, including trusted vendors and contractors, could be at risk,' the FBI said Friday night in a statement that named Scattered Spider as the perpetrator of the airline hacks. 'Once inside (a victim's network), Scattered Spider actors steal sensitive data for extortion and often deploy ransomware,' the FBI said. The FBI, the statement continued, 'is actively working with aviation and industry partners to address this activity and assist victims.' Hawaiian Airlines and Canada's WestJet confirmed this week that they were still assessing the fallout from recent cyberattacks, though the airlines did not name the perpetrators. More victims in the aviation industry could come forward, sources briefed on the investigation said. Toronto Pearson International Airport Travelers at a Westjet check-in counter in Toronto Pearson International Airport on June 30, 2024. (via CNN Newsource) WestJet's issues began two weeks ago, when the airline said it was responding to a 'cybersecurity incident' that was affecting access 'to some services and software systems,' including its app for customers. Both WestJet and Hawaiian Airlines said their operations were unaffected by the hacks. The lack of impact on operations at the airlines is 'likely a sign of good internal network separations or good business continuity and resiliency planning,' said Aakin Patel, the former chief information security officer of Las Vegas' main airport. It is not just the airlines themselves, but other 'segments of the aviation ecosystem' that are seeing increased cyberattacks, according to Jeffey Troy, the president of the Aviation ISAC, an industry group for sharing cyber threats. 'Our members are keenly alert to attacks from financially motivated attackers and collateral impacts emanating out of geo-political tensions around the world,' Troy said in a statement to CNN. The fine margins for error in the airline industry were on display Friday, when a separate IT outage, apparently unrelated to malicious cyber activity, caused delays for some American Airlines passengers. The Scattered Spider hacks have mobilized people across the industry to respond. In-house cybersecurity experts at major airlines have been closely monitoring the situation, sources familiar with the response told CNN, while cybersecurity firms such as Google-owned Mandiant are helping with the recovery and urging airlines to secure their customer service call centers. One of Scattered Spiders' preferred methods of infiltrating corporations is calling up help desks and pretending to be employees or customers. The technique has been highly effective for hackers to gain access to the networks of big companies. 'Airlines rely heavily on call centers for a lot of their support needs,' Patel told CNN, making them 'a likely target for groups like this.' Scattered Spider gained attention in September 2023 when they were linked to a pair of multimillion-dollar hacks on Las Vegas casinos and hotels MGM Resorts and Caesars Entertainment. The hackers tend to pick one sector to target for weeks on end. Earlier this month, they were the suspect in a hack of insurance giant Aflac that potentially stole Social Security numbers, insurance claims and health information. Before that, it was the retail sector: The hackers, according to an internal memo obtained by CNN, targeted Ahold Delhaize USA, which has the same parent company as the Giant and Food Lion grocery chains. 'The actor's core tactics, techniques, and procedures have remained consistent,' Mandiant chief technology officer Charles Carmakal said Friday in a statement, and that it 'is aware of multiple incidents in the airline and transportation sector' that resemble the operations of Scattered Spider. By Sean Lyngaas.
