Walton Family Reaffirms Significant, Passive Walmart Stake

Ticker: WMT · Form: SC 13G/A · Filed: 2024-02-09T00:00:00.000Z

Sentiment: neutral

Topics: insider-ownership, passive-investing, amendment, family-office

TL;DR

**Walton family still owns a big chunk of Walmart, signaling stability.**

AI Summary

The Walton family, specifically S. Robson Walton, Alice L. Walton, Jim C. Walton, and the John T. Walton Estate Trust, filed an amended SC 13G/A on February 9, 2024, confirming their continued significant ownership in Walmart Inc. (WMT) as of December 31, 2023. This filing indicates that the founding family maintains a substantial, but passive, stake in the company, which is important for investors as their long-term commitment often signals stability and confidence in Walmart's future direction.

Why It Matters

This filing confirms the founding family's continued, substantial ownership in Walmart, which can reassure investors about long-term stability and alignment with shareholder interests.

Risk Assessment

Risk Level: low — This filing indicates stable, passive ownership by the founding family, which generally reduces risk for investors.

Analyst Insight

Investors should view this filing as a confirmation of stable, long-term ownership by the founding family, which can be a positive signal for corporate governance and stability, but it doesn't suggest any immediate trading action.

Key Players & Entities

S. Robson Walton (person) — group member reporting ownership in Walmart Inc.
Alice L. Walton (person) — group member reporting ownership in Walmart Inc.
Jim C. Walton (person) — group member reporting ownership in Walmart Inc.
John T. Walton Estate Trust (company) — group member reporting ownership in Walmart Inc.
Walmart Inc. (company) — the subject company whose securities are being reported
07 Trade & Services (company) — organization name associated with the filing

Forward-Looking Statements

The Walton family will maintain a significant, passive ownership stake in Walmart Inc. (Walmart Inc.) — high confidence, target: 2025-12-31
Walmart Inc. will continue to benefit from the stability associated with its founding family's long-term investment. (Walmart Inc.) — medium confidence, target: 2025-12-31

FAQ

What type of filing is this and what does it generally indicate?

This is an SC 13G/A filing, which is an amendment to a Schedule 13G. It indicates that a passive investor or group owns more than 5% of a company's stock and is updating their previous disclosure, often due to a change in ownership percentage or simply an annual update as of December 31st, as noted by the 'Date of Event Which Requires Filing of this Statement' being 12/31/23.

Who are the specific individuals and entities listed as 'Group Members' in this filing?

The specific 'Group Members' listed are S. Robson Walton, Alice L. Walton, Jim C. Walton, and the John T. Walton Estate Trust, all part of the founding family of Walmart Inc.

What is the CUSIP Number for Walmart Inc. Common Stock mentioned in the filing?

The CUSIP Number for Walmart Inc. Common Stock is 931142-10-3, as stated on the cover page of the filing.

What was the 'Date of Event Which Requires Filing of this Statement'?

The 'Date of Event Which Requires Filing of this Statement' was 12/31/23, indicating the ownership snapshot date for this amendment.

Which rule under the Securities Exchange Act of 1934 is this Schedule 13G/A filed under?

This Schedule 13G/A is filed under Rule 13d-1(d), as indicated by the checked box on the cover page.

From the Filing

0000104169-24-000007.txt : 20240209 0000104169-24-000007.hdr.sgml : 20240209 20240209160707 ACCESSION NUMBER: 0000104169-24-000007 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240209 DATE AS OF CHANGE: 20240209 GROUP MEMBERS: S. ROBSON WALTON ALICE L. WALTON JIM C. WALTON JOHN T. WALTON ESTATE TRUST SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Walmart Inc. CENTRAL INDEX KEY: 0000104169 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-VARIETY STORES [5331] ORGANIZATION NAME: 07 Trade & Services IRS NUMBER: 710415188 STATE OF INCORPORATION: DE FISCAL YEAR END: 0131 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-20101 FILM NUMBER: 24614835 BUSINESS ADDRESS: STREET 1: 702 SOUTHWEST 8TH ST CITY: BENTONVILLE STATE: AR ZIP: 72716 BUSINESS PHONE: 5012734000 MAIL ADDRESS: STREET 1: 702 SOUTHWEST 8TH STREET CITY: BENTONVILLE STATE: AR ZIP: 72716 FORMER COMPANY: FORMER CONFORMED NAME: WAL MART STORES INC DATE OF NAME CHANGE: 19920703 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Walmart Inc. CENTRAL INDEX KEY: 0000104169 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-VARIETY STORES [5331] ORGANIZATION NAME: 07 Trade & Services IRS NUMBER: 710415188 STATE OF INCORPORATION: DE FISCAL YEAR END: 0131 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 702 SOUTHWEST 8TH ST CITY: BENTONVILLE STATE: AR ZIP: 72716 BUSINESS PHONE: 5012734000 MAIL ADDRESS: STREET 1: 702 SOUTHWEST 8TH STREET CITY: BENTONVILLE STATE: AR ZIP: 72716 FORMER COMPANY: FORMER CONFORMED NAME: WAL MART STORES INC DATE OF NAME CHANGE: 19920703 SC 13G/A 1 sc13g-ax123123.htm SC 13G/A Document UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G/A Under the Securities Exchange Act of 1934 (No. 43)* WALMART INC. (Name of Issuer) Common Stock (Title of Class of Securities) 931142-10-3 (CUSIP Number)      12/31/23 (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: o Rule 13d-1(b) o Rule 13d-1(c) ý Rule 13d-1(d) * The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.   Page 1 of 14 CUSIP No. 931142-10-3 13G 1. NAME OF REPORTING PERSON     I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (entities only).     S. Robson Walton 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a)   ☒         (b)   ☐ 3. SEC USE ONLY 4. CITIZENSHIP OR PLACE OF ORGANIZATION     United States NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: 5. SOLE VOTING POWER     2,342,974** 6. SHARED VOTING POWER     1,228,514,074** 7. SOLE DISPOSITIVE POWER     2,342,974** 8. SHARED DISPOSITIVE POWER     1,228,514,074** 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON     1,230,857,048** 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (See Instructions) 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)     &