This is the Hamilton Gifts Cherished Teddies Figurine designed by Priscilla Hillman titled "My Gift Is Sharing" #950718.
This beige teddy bear is wearing a crown on its head, blue overalls a white shirt, and a green cape. In its right hand is a beige teddy bear and under the left arm is another beige teddy bear and a white duck.
The figurine, 3R7/129, measures about 3.75" tall, and 2.75" wide.
It is in good pre-owned condition.