How to Sell Stock Without a Broker

Transfer stock in lieu of cash donations to any charity you are gifting. Besides the tax advantage of giving appreciated stock to a charity, most brokerage houses charge charities little or nothing for gifted stock. If the stock is in physical form, merely sign the transfer power on the back of the certificate. For stock held by the broker, the charity will have instructions for you to follow.
Find a buyer for your stock---a family friend, neighbor or relative. It will be necessary to contact the transfer agent to have the stock transferred into the purchasing party's name. Use the stock price as of a certain date as the trade date, so there will be no disagreement among the parties as to the trade amount. Be certain there are no dividend payments pending, and if so, they should be paid to the selling party.
Use DRIP programs where possible. DRIP or dividend reinvestment plans allow you to buy as little as one share of stock from a participating member or a broker and then arrange for all dividends to be paid in the form of additional shares. Not all stocks have such a program, but the stocks that do tend to be large dividend-paying stocks. Shares can then be sold to plan participants, allowing the investor to pay no commissions for either buying or selling stock.
When making large purchases, use stock and sign the stock over to the buyer. He can sell the stock at his expense when he is ready. You avoid the commission and the buyer receives secure funds through ownership of the stock certificate.
Sell stock through an in-the-money covered call. This means writing an option below the current stock price. The premium paid by the call buyer to you, the seller, will more than cover the commissions for the option and the stock sale. This is a popular method used by large institutions to move large quantities of stock.

How to Change the Beneficiary on Walmart Stock

Contact the transfer agent used by Walmart. Walmart's transfer agent is Computershare. You can contact Computershare at 1-800-438-6278.
Inform the transfer agent you want to change the beneficiary on your TOD registration. The transfer agent will mail you the necessary paperwork to change the beneficiary on your Walmart stock.
Complete the paperwork with information about the new beneficiary, including the beneficiary's name, address, phone number and Social Security number. Take the paperwork to a notary and have the forms notarized. Mail the completed notarized forms to the address listed on the form.

How to Re

Gather your information. You will need the original stock certificate, complete name, address and taxpayer ID (social security number) of the new owner, stock power and a W-9 form. In some cases, such as a transfer due to death, you will be required to show more documentation.
Locate a transfer agent. Try to find an agent in the state of the person you are transferring ownership from. See Resources below for a way to find an agent in your state as well as a database of current transfer agents for publicly traded companies.
Call or set up a meeting with the transfer agent. Be sure to have all the information from Step 1 available.
Take old certificates to the transfer agent and ask them to re-register in the name of the new owner.
Send the stock certificates to the designated custodian. This step may not be necessary in some cases. In general, it will take two to four weeks to transfer ownership. Your agent or broker should help to determine what address the reissued certificates should be mailed to.