Walton family sells $1.5 billion in Walmart stock as share price nears all-time high

The heirs to Sam Walton, founder of Walmart, sold almost 9 million shares of the corporation, which netted them $1.5 billion.

This sale occurred as the value of the shares approached its historical high.

The Securities and Exchange Commission (SEC) recorded three transactions made by the Walton family between Feb. 21 and 23. With this new influx of money, the family's total income amounts to about $2.3 billion and its net worth stands at around $267 billion.

The goal of the Walton family is to always have less than 50% stake in Walmart through the occasional sale of shares, as happened this past week.