Core Insights - Coatue Management holds $236.48 million worth of shares in Philip Morris International Inc. (PM), representing 0.66% of its total 13F portfolio, indicating significant interest from institutional investors [1] - Philip Morris International Inc. is expanding its U.S. operations with a $37 million investment to enhance its manufacturing facility in Wilson, North Carolina, which is crucial for its smoke-free product strategy [2][3] - The company is adding a new production line for TEREA, consumables for its IQOS ILUMA heated tobacco system, as part of its strategy to scale smoke-free alternatives amid regulatory advancements [3] - UBS has highlighted increasing competition in the U.S. nicotine pouch sector, which may impact revenue projections for Philip Morris's ZYN brand, leading to a "Hold" rating with a $166 price target [4] - Analysts are closely monitoring Philip Morris's smoke-free transformation and advancements in its IQOS products, reflecting the company's focus on reduced-risk offerings [5]