From CNBC:

Walmart announced a three-for-one stock split on Tuesday as the retailer’s shares sit just below their all-time high. The additional shares will be payable to shareholders of record as of February 22, and trading on a post-split basis will begin February 26. The decision was made to allow more employees to buy into its stock purchase plan. Walmart shares rose about 1% in extended trading and have climbed about 5% this year. Walmart’s sales climbed to $160.80 billion in the third quarter, a roughly 5% increase from the previous year, and the company plans to report earnings for the holiday quarter next month. The stock closed Tuesday at $165.59, shy of the all-time high of $169.94 it hit in November. The stock split comes as Walmart tries to boost employee benefits and loyalty, including increasing store manager wages to an average of $128,000 per year.



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